[3] On May 6, 2014, the first off-season transaction involved the Lightning signing their highly touted goaltender Andrei Vasilevskiy to a three-year, entry-level contract.
[6] On May 23, 2014, the Lightning announced the re-signing of Calder Memorial Trophy finalist Tyler Johnson to a three-year contract extension.
[8] On June 9, 2014, the Lightning announced the re-signing of co-Calder Trophy finalist Ondrej Palat to a three-year, $10 million contract extension.
Malone had dealt with injury problems during his stint with the Lightning, and saw his numbers dip to five goals and ten assists in 57 games.
[13] On the same day, the Lighting acquired defensemen Jason Garrison from the Vancouver Canucks in exchange for their second round draft pick (50th overall).
In addition to Garrison, the Lightning received the rights to left winger Jeff Costello and the Canuck's seventh round pick in 2015.
In 2013–14, Garrison had 33 points in 81 games, but saw his possession numbers fall under former Vancouver Canucks head coach John Tortorella.
Purcell's breakout year was in 2011–12, when he had 24 goals and 41 assists, along with a great playoff run the previous season that saw the Lightning reach the Eastern Conference Final.
However, in recent years, Purcell has been somewhat disappointing for the team in terms of production; over the past two seasons, he has had 23 goals combined.
The Lightning then quickly flipped Sam Gagner and forward B. J. Crombeen to the Arizona Coyotes for a sixth round draft pick in 2015.
At midnight, on June 1, 2014, the Lightning traded forward Nate Thompson to the Anaheim Ducks in exchange for a fourth and sixth round pick in the 2015 Draft.
As a depth player, Thompson had become a key contributor the past five seasons, including being one of team's top penalty killers.
[15] On the same day, the Lightning re-signed Syracuse Crunch captain Mike Angelidis to a one-year, two-way contract.
Angelidis has played in 515 career American Hockey League (AHL) games with the Norfolk Admirals, Albany River Rats and Crunch, collecting 99 goals and 207 points to go with 1,079 penalty minutes.
In 2012, he was a member of the Norfolk Admirals team that won the Calder Cup championship, skating in 18 games and recording a goal and six points.
Both Stralman and Boyle helped the Rangers capture the Eastern Conference Championship, and reach the Stanley Cup Finals last season.
In total, Sustr has appeared in 45 NHL games, all with the Lightning over the past two seasons, recording one goal and eight points.
[19] On July 8, the Lightning signed free agent defensemen Matt Corrente to a one-year, two-way contract.
He has appeared in 34 career NHL games, all with the New Jersey Devils, over parts of two seasons, posting six assists and 68 penalty minutes.
He set the Tampa Bay single season records for victories, save percentage and GAA, and was nominated for the Vezina Trophy as the NHL's top goaltender.
However, Irving elected to sign with Salavat Yulaev Ufa of the Kontinental Hockey League (KHL) instead of participating in camp.
In addition, the Lightning reassigned four 2014 draft picks to their respective junior hockey clubs (Digiacinto, Point, Masin and Thomas).
[29] Two days later, the Lightning announced that forward Jonathan Drouin is expected to miss three-to-four weeks with a thumb fracture.
This design retained the "Bolts" word mark logo, but brought back black as the primary color.
A few notable prospects remained on the roster, including Vladislav Namestnikov, Cedric Paquette, Jonathan Drouin and defenseman Luke Witkowski.
Below are the Tampa Bay Lightning' selections made at the 2014 NHL Entry Draft, held on June 27–28, 2014 at the Wells Fargo Center in Philadelphia.