Quoting: PleaseBanMeForMyOwnGood
https://www.capfriendly.com/faq#retained
#1 on the list
"The percentage retained cannot exceed 50 percent of the player’s salary (including all bonuses) and Salary Cap Hit."
Meaning I am 100% correct on my statement.
Real Example: Devan Dubnyk’s cross-continent travels in 2014 demonstrated a number of these provisions:
Jan 15, 2014: Dubnyk was traded from Edmonton to Nashville.
Edmonton retained 50% of his salary, or $1.75M of the $3.5M total.
March 5, 2014: Dubnyk was traded from Nashville to Montreal.
Nashville retained 25% of his salary (which applies to the original total). Therefore, the Predators retained $0.875M.
March 5, 2014: Dubnyk was immediately demoted to Montreal’s AHL affiliate in Hamilton.
After the demotion, he didn’t count against Montreal’s cap but he did still count against Edmonton’s ($1.75M) and Nashville’s ($0.875M).
CBA Reference: 50.5 (e-iii) Pages 271-274
So they broke the rules in this trade?