Close to the truth. And the cap doesn't need to be going up by 60% for this to be the case.
What a load of crap. Of course it does (sort of)!
2010 cap = $4.1m, which is ~ 25% increase to $5m in 2013.
25% of $250k = $62.5k = $312.5k in 2013.
Even worse, cap increases lead to more for the big names, less for the averages ($250k), meaning you'd probably only be looking at (guessing) $50k for the mid range guys as the top dogs eat up the rest.
In order for $250 = $400k you're looking at 6 guys on $250k (which I'd say every club would have) getting the entire raise with nothing going to minimum wage, nothing to marquee players and nothing to anyone else. No one. At all.
To suggest that is the case is the height of stupidity.
So I guess no one is surprised to see Poupou suggesting it...