The phrase in bold is referring to the fact that the salary AND cap hit cannot be more than 50%
each. In other words, if the team takes 50% salary retention, then they must also take a 50% in the cap hit, or vice versa. You can't do 50% cap hit and 99% salary....the salary and cap hit must be equal, with the max set at 50%.
If Philly retains 50% of Provorov's cap hit, they must also retain 50% of his salary....thus his cap hit to the Kings would be 3.375 AAV, with actual dollar to Provorov from the Kings at $4.3125 mil.
Philly has not used any of the 3 salary retention trades available. Consequently, they'd also be under the 15% salary cap available for the 3 salary retention. If the Oilers wanted to trade away their 3 most expensive contracts with 50% retention, they wouldn't be able to since they'd be over the 15% salary cap, at the moment. They'd have to wait until the salary cap hit 100+ mil or offer less retention until then
When teams trade a player, they can retain, or keep, some of the players' salary and cap hit. The team keeps a % of both the cap hit and salary for the remainder of the contract. Therefore, if a Player with a Salary of $2.0M and a Cap Hit/AAV of $3.0M is traded with 20% retention, the trading...
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