Bishop is in the final year of a two-year, $11.9 million contract with an average annual value of $5.95 million, according to CapFriendly.com. He is 16-12-3 with a 2.55 goals-against average and .911 save percentage in 32 games this season.

The Tampa Bay Lightning traded goaltender Ben Bishop and a fifth-round pick in the 2017 NHL Draft to the Los Angeles Kings on Sunday for goaltender Peter Budaj, defenseman Erik Cernak, a seventh-round pick in 2017 and a conditional pick in this year's draft.

Fantasy impact of Bishop trade

Kings goalie Jonathan Quick, who injured his groin in the season opener on Oct. 12, returned to the lineup and made 32 saves in a 4-1 win against the Anaheim Ducks on Saturday.

Bishop was selected in the third round (No. 85) of the 2005 NHL Draft by the St. Louis Blues. He played seven games with the Blues in the 2010-11 season before he was traded to the Ottawa Senators on Feb. 26, 2012. Bishop spent two seasons with the Senators before being traded to the Lightning on April 3, 2013.

Bishop, a two-time Vezina Trophy finalist (2013, 2015), helped the Lightning reach the Stanley Cup Final in 2015 and is Tampa Bay's all-time leader in wins (131), shutouts (17), save percentage (.921) and goals-against average (2.28).

Video: Jon Rosen on the Ben Bishop trade, more Kings moves

In eight seasons with the Blues, Senators and Lightning, Bishop has 146 wins, a 2.32 GAA, a .919 save percentage and 19 shutouts.

"He's been a major part of the success we've had," Tampa Bay general manager Steve Yzerman told the Lightning website. "[But] in hockey, you have to make some tough decisions based on the salary cap."

Budaj, 34, was 27-20-3 with a 2.12 GAA and a .917 save percentage in 53 games for the Kings. He is tied for the NHL lead with seven shutouts.

Cernak, 19, was a second-round draft pick (No. 43) in 2015. He has three goals and 14 assists in 40 games for Erie of the Ontario Hockey League this season.

"He is a 6-foot-3 right-handed shot who skates well and can defend," Yzerman said of Cernak.