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Whatever you spend on a keeper this year will be deducted from your budget next year. ...and if you spend over $125 on a player, then he'll go back into the draft pool next year. So you can't get away with what you did in this league!
I should rename these rules to the "Yoda Rules".
You can keep up to 3 players with these restrictions:
The sum of the cost of those players cannot exceed $125 combined (Total Draft Budget is $200).
The sum of the cost of your keepers will be deducted from your draft budget next year.
Once a player is keep 2 years, he will automatically go back into the draft pool. It doesn't matter if is traded. For example, if Blake Griffin is kept once and then is traded, the new owner can only keep him once before he goes back into the draft pool. If he is kept twice and is traded, then the new owner only gets him until the end of the season. This is to ensure the draft pool is refrehsed every 3 years. It also means teams will have to consider whether they want to "clear cap space" for that draft and limit their keepers or not.