The first rounder being sent to New Jersey was acquired by the Lightning in the J.T. Miller trade with the Vancouver Canucks last summer. It carries a condition that if the Canucks miss the playoffs this season, the pick transfers to a 2021 first-round pick.
Coleman has 21 goals and 31 points in 57 games this season. In total, the 28-year-old has posted 57 goals and 94 points in 237 career NHL games.
Foote, 19, was a first-round pick (27th overall) by the Lightning in 2019. He has 33 points in 26 games with the WHL’s Kelowna Rockets this season and was a member of Canada’s gold medal winning squad at the world juniors earlier this season.
“This transaction allows us to acquire two key pieces in continuing to build this team around our foundational cornerstones,” said Devils interim general manager Tom Fitzgerald in a statement. “Foote is a big, physical winger, with an excellent shot and great offensive instincts, especially on the power play. He will complement our young forward group for a long time.”