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The Lightning still have a boatload of players on their roster, so it's expected that there are going to be a lot of cuts coming to the team today or tomorrow. The first ones have come out via two of the players' own twitter this morning:
I'll update this list later if we get any more players that are cut today. The one I am keeping my eye out for, Brett Connolly, is still with the team and he tweeted that he'll be in Montreal tomorrow. Fingers crossed for him.

As for waivers, these are the Lightning players on waivers today (via TSN):
  • Mike Angelidis
  • Michel Ouellet
  • Richard Petiot
  • Alexandre Picard
  • Trevor Smith
  • Michael Vernace
  • James Wyman
The deadline for claiming these players is 12pm Tuesday Sept 27th

UPDATE at 4:30pm:
Via press release from the Lightning, the team has cut 27 players leaving 26 players on the roster. 15 forwards, 9 defencemen and 2 goaltenders make up the 26 remaining players

Full list of players cut:

No.     Name                    Assigned To
59     Mike Angelidis*     Norfolk (AHL)
15     Carter Ashton     Norfolk (AHL)
50     Mark Barberio     Norfolk (AHL)
36     Cory Conacher     Norfolk (AHL)
62     Philip-Michael Devos     Norfolk (AHL)
55     Jeff Dimmen     Norfolk (AHL)
39     Matt Fornataro     Norfolk (AHL)
75     Radko Gudas     Norfolk (AHL)
38     Alex Hutchings     Norfolk (AHL)
31     Jaroslav Janus     Norfolk (AHL)
63     Tyler Johnson     Norfolk (AHL)
76     Pierre-Cedric Labrie     Norfolk (AHL)        
64     Charles Landry     Norfolk (AHL)
73     Daniel Milan     Moncton (QMJHL)
37     Pat Nagle     Norfolk (AHL)
41     Eric Neilson     Norfolk (AHL)
17     Michel Ouellet*     Norfolk (AHL)
74     Ondrej Palat     Norfolk (AHL)
71     Richard Panik     Norfolk (AHL)
3     Richard Petiot*     Norfolk (AHL)
28     Alexandre Picard*     Norfolk (AHL)
51     Kevin Quick     Norfolk (AHL)
24     Trevor Smith*     Norfolk (AHL)
40     Dustin Tokarski     Norfolk (AHL)
48     Michael Vernace*     Norfolk (AHL)
43     James Wright     Norfolk (AHL)
34     JT Wyman*     Norfolk (AHL)

* - Must clear waivers