Just because we have more talent in our squad doesn't mean we're spending more money than them.
We haven't got Hopoate on the books for 800k. We haven't got someone as mediocre as Sandow for 550k.
Inglis is on less than Hopoate. Reynolds is on about a third of what Sandow is on.
We lost DT who was on big money and we lost Pettybourne who was on big money (don't laugh, we signed him on his last contract as a recent NZ rep). Those two were replaced by just Teo. That's a lot of money saved.
All those factors above plus the increasing cap and it's not too hard to believe we have 400k, even if we have to send some fringe player to Super League.
DT wasn't on big money. He moved up to big money, he would have cost an arm and a leg to keep but we signed him while he was still relatively new. I'd say his wage is roughly the same as what we got Teo for. Same goes for Pettybourne for Lima. Maybe a bit less, because we had paid overs for Pettybourne.
That said, we also lost Geddes who would have had a decent wage. We got rid of Talanoa who I know was getting much more than his worth. And Crocker took a big pay cut to go on one more year.
We have a bit of overhead in the cap, but not 400k worth. And we have some money stowed away for summer contracts that can be used elsewhere. The fact is we have been on the market for a center for awhile, but there hasn't really been one available.