LIGHTNING: Sign Steven Stamkos

Tampa Bay Lightning center Steven Stamkos of the Ontario Hockey League’s Sarnia Sting has been signed by the Tampa Bay Lightning to the standard rookie deal of three years at an $875,000 base salary.

BOTTOM LINE: Stamkos was easily the best talent available in June’s draft, and he is expected to start the season at the NHL level. How much he can contribute remains to be seen, but he could be an above average player in time.

LIGHTNING: Now Have Olie the Goalie

Former Washington Capitals goaltender Olaf Kolzig has signed a one year deal to be the backup goalie for the Tampa Bay Lightning.

BOTTOM LINE: This should be a nice fit. He will be a more than adequate backup, and may even get the shot to become the starter at some point this season if he performs.

LIGHTNING: Malone Part of the Fold

Former Pittsburgh Penguins winger Ryan Malone has signed a seven year, $31 million contract to play for the Tampa Bay Lightning.

BOTTOM LINE: The second Penguin to defect from Pittsburgh. Gary Roberts was the first. Tampa should be an interesting project to watch next season.

LIGHTNING: Lecavalier Agrees to Terms

Tampa Bay Lightning center Vincent Lecavalier has agreed to a contract extension that will keep him in Tampa Bay for the rest of his career.

BOTTOM LINE: The deal is reportedly worth over $70 million for nine seasons. A good move by the Lightning will keep the dynamic center in Florida for the duration.

LIGHTNING: Denis Bought Out

Tampa Bay Lightning goalie Marc Denis was bought out by the Lightning on Wednesday, making him an unrestricted free agent.

BOTTOM LINE: Denis has been dissapointing in his last two seasons with Tampa Bay, as he recorded only 18 wins in 54 games with the team. He will have a hard time finding work.

LIGHTNING: Lecavalier Close to New Deal

Tampa Bay Lightning center Vincent Lecavalier is close to signing a long-term deal, according to TSN.ca.

BOTTOM LINE: Levavalier has been one of the most consistent players in the league for years now. It would have been interesting to see him test the open market, but all indications have him resigning in Tampa.