Yes, but that's surely a somewhat misleading stat. I'd imagine most Premier League squads are the most expensive in their history. Last summer they were going for the likes of Gareth Barry (aged 36) and Kieron Gibbs (28) - hardly the kind of ambitious signings that suggested a bold new era was upon the Hawthorns. They didn't start buying better players all of a sudden. They simply started paying much more for the same kind of players they were buying before the market went mad.
And as one hack wrote this morning, who is privy to the boardroom's most powerful figures, if you listen to the owners' list of credentials they're seeking for their next manager, it leads you to the conclusion that they want to replace Tony Pulis with Tony Pulis.
There are too many clubs now in the Premier League who are so fixated on the idea of survival that they've made themselves into a system of revolving doors for the same old dour and dogged survival specialists as far as managers go. I think that's a major reason why this league isn't anywhere near as entertaining as the hype tries to make out. There are too many games where these kinds of clubs go away to us and the mancs and Chelski etc, park the bus like they're minnows playing an FA Cup tie, and leave punching the air in triumph if they get a draw or sneak a win. That's the sum of their ambition, beyond meeting some 40 point target, every damned season. For every Bournemouth there are three or four clubs who don't want to do anything except keep getting the Premier League capital. So they'll bring in Allardyce until the fans get too angry, then Pardew, then Pulis, then Hodgson, then Dyche, then Hughes, then Steve Bruce, then Allardyce again, then Pulis again, and on and on ad infinitum. And the media has the nerve to claim it's foreign managers keeping young British coaches from progressing!
It would be naive to expect any real change, given what the financial stakes are, but the line of least resistance is more and more games of supposedly tactical masterminds frustrating good, progressive managers by shutting up shop and boring everyone to tears.