The six-foot-seven goaltender was traded on deadline day Wednesday to Tampa Bay for rookie forward Cory Conacher and a fourth round pick.
Bishop was 8-5-0 for the Senators this season with one shutout, a 2.45 goals-against average and .922 save percentage, but Ottawa has also received excellent play from netminders Craig Anderson and Robin Lehner.
“I am extremely excited to be part of the Lightning organization,” Bishop said in a statement released by Tampa Bay. “They have a lot of great players and hopefully we can win a lot of hockey games this season and moving forward.”
He was obtained in the second half of the 2011-12 season from St. Louis for a second round draft pick in the upcoming draft.
For his NHL career, he's appeared in 40 games, recording two shutouts with a 2.58 average and .911 save percentage.
Conacher, 23, has been one of the unsung stories of the shortened NHL season. The undrafted five-foot-nine forward from Burlington, Ont., has nine goals and 15 assists in 35 games, second among all rookies.
For Tampa Bay, the move fills a need. Anders Lindback has been injured and inconsistent in his first season with the Lightning, while veteran Mathieu Garon was pulled twice on the road trip during which coach Guy Boucher was fired.