If you're on a cost cutting mission, I doubt we will bring the wage bill up to what it is currently. Given that Lerner wouldn't fund players in our hour of need - I shudder to think what scope Lambert will have in the summer - even if we manage to stay up.
The cost cutting must end - if it doesn't we won't stay in the prem - be that this season or next - the cost cutting will take us to the championship - just a question of when
If our current wage level is the cap we can sustainably stay in the PL. It's because of the contracts we already handed out that we're hamstrung at the moment.
I think Omariqy is making the point that if we can go and get the likes of Benteke, Vlaar, Guzan, Westwood etc. for the money they're on then surely we can go and get a lot more of the same with the wages freed up when Bent, Dunne, Ireland, Hutton, Makoun, and Given are permanently off the books. If we can have three Bentekes for the price of one Bent or five Westwoods for the price of one Ireland then of course you can build a team good enough for the PL even taking into account the signings that don't work out.
Whilst there's clearly question marks over a few of PL's signings I reckon Benteke, Lowton, Westwood and Guzan have all increased their value since they've been here - and that's after a absolute shocker of a season so far.