The Flyers have traded left wing Matt Clackson, their 2012 3rd round pick, and a conditional draft pick to the Phoenix Coyotes for the negotiating rights to goalie Ilya Bryzgalov. This simply means they have exclusive rights to negotiate a contract with him from now until he becomes a free agent. If they don't sign him by then he'll likely go else where. Right now the Flyers don't have the cap room to sign Bryzgalov to the contract he'll likely ask for. So they'll have their work cut out for them to first create salary cap space and get Bryzgalov signed.
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