This has us 7th or 8th over the past few years which you'd maybe expect for a team chasing a place in the top 4.Well, your list is I think £297m Filbo, so it's in the right ballpark.
Of course, net spend is arguably a better number by which to measure squad investment, and annual wage bill is probably even better at measuring relative team wealth:
EPL player payroll estimates
I was also surprised by the size of Palace’s wage bill, but I think it goes hand in hand with having the squad with the highest average age in the division. Young players are cheaper than veterans in terms of wages, the likes of Benteke and Cahill who have played for big clubs will be on very sizeable wages relative to their current abilityThis has us 7th or 8th over the past few years which you'd maybe expect for a team chasing a place in the top 4.
Two surprising things from here, one is Palace who are paying huge wages for little reward. Another is Fulham, their wage bill must have been huge last season for a Championship club.