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Devils trade Blake Coleman to Lightning for Foote, first-round pick

Blake Coleman Trade

NEWARK, NEW JERSEY - FEBRUARY 11: Blake Coleman #20 of the New Jersey Devils takes the puck in the second period against the Florida Panthers at Prudential Center on February 11, 2020 in Newark, New Jersey. (Photo by Elsa/Getty Images)

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The for sale sign is officially up for the New Jersey Devils.

The team completed its second trade of the day on Sunday evening when it sent forward Blake Coleman to the Tampa Bay Lightning in exchange for prospect Nolan Foote and a conditional 2020 first-round draft pick that previously belonged to the Vancouver Canucks.

The Lightning originally acquired that pick from the Canucks over the summer in the J.T. Miller trade. If the Canucks fail to make the playoffs this season, they will hold on to the 2020 first-round pick and the Devils will then receive the Canucks’ 2021 first-round pick.

Just hours before sending Coleman to the Lightning, the Devils traded captain Andy Greene to the New York Islanders for David Quenneville and a second-round draft pick.

It’s a little surprising to see the Devils part with Coleman because he is one of their best players and is signed for one more season at a bargain salary cap hit of just $1.8 million. He is an excellent penalty killer and proven 20-goal scorer in the league. He is currently on track for 30 goals this season.

The only reason they were willing to part with him now: The Lightning were willing to pay a fairly steep price to get him. Along with the conditional first-round draft pick that belongs to Vancouver, the Devils are also getting Foote, the Lightning’s 2019 first-round draft pick (No. 27 overall). He is currently playing for the Kelowna Rockets of the Western Hockey League and is now going to be counted on to be part of the Devils’ future alongside recent top picks Nico Hischier and Jack Hughes.

The Devils could now be in a position to have three first-round draft picks this season. Along with their own, they also have a top-three protected pick from the Arizona Coyotes (Taylor Hall trade) and also the conditional pick from the Canucks.

As for the Lightning, this is a pretty big addition and makes an already dominant team that much deeper and stronger. They are already riding a 10-game winning streak entering the week.

Coleman is now one of five players on the Lightning (Nikita Kucherov, Steven Stamkos, Alex Killorn, and Brayden Point) to already have 20 goals this season. Anthony Cirelli and Ondrej Palat could eventually get there as well.

MORE: PHT’s 2020 NHL Trade Deadline Tracker

Adam Gretz is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @AGretz.