When it comes to contracts we have to play the market. Its no good saying 'pay them £10k a week and only give them bonuses' when even the likes of Palace will pay Eduoard 90k a week. You simply won't sign anyone. Right now, we are not playing in Crystal Palaces market, but the principle is the same. The market is dominated by shitty agents, player power and PSR dictating longer amortised contracts. Any of these PL teams paying big money can find themselves where we are if it goes wrong. Arguably, Spurs, West Ham and Man U have got it horribly wrong but just not as bad as we did, but they are suffering from poor recruitment and big wages.
I like to think we got caught out going for top 4. By caught out, i think everyone bought into Brendan's 'Rough Diamond' approach and paid over the odds for players they thought could be good enough if the great coach () could work his magic. We are still paying the price for that recruitment.
We have to accept that to be successful with both recruitment and the academy, we have to be a feeder club and be seen as a good feeder club, which we aren't really at the moment. Players like Macallister, Trossard, Cucurella and Caicedo (to name a few), didn't go to Brighton for the trappings of success. They went because it was the best route to a bigger club and bigger wages.
It's a cliche, but a reset is needed and i would like to see that in the board as well. I'd like to see a more data driven approach and one that bucks the current trend that uses the Academy more and ensuring recruitment is based around resale. No more buying old 'leaders' on big wages, or keeping people for longer than we should (Vardy, Ndidi and Vesty). Identify the next generation of leaders and nurture them. We can still play the market doing this, we just have to admit that we aren't going to be a top 4 club again (unless we can pull a Forest style season together, but i think they are going to miss out on that).