A multi-piece propeller shaft includes a constant velocity joint disposed between and operably interconnecting first and second shaft segments. The constant velocity joint includes an outer race extending along an axis A from a first outer race end operably connected to the second shaft segment to a second outer race end to define an inner surface bounding an internal cavity. A vent and seal assembly is disposed inside the outer race and defines a plurality of venting cavities disposed serially along the axis A in fluid communication with one another. A first one of the venting cavities is disposed in fluid communication with the internal cavity and a last one of the venting cavities is disposed in fluid communication with an environment of the constant velocity joint for venting air from the internal cavity to the environment.