Leafs currently are around 193k over the cap with a 20 man roster because of the Liljegren's $212k bonus overage charge to our cap this season (assuming Simmonds makes the team). If Simmonds doesn't make the team and is replaced by someone making league minimum, they would still be roughly 43k over the cap.
I believe that Kerfoot will be moved, I'm just still confused as to how 55% voted both will be on the team. I would like to see someone post a cap compliant roster where Kerfoot+Holl are both still here (no using LTIR either, there have been no credible rumours surrounding anyone missing the start of the season).