Adding on to the 700k a season for Mautalino, 750k for Reynolds and the reported 600k a season offer for Lolohea, they're really not fixing their issues by paying overs for mid range players.
Ivan's got a big task ahead of him
While the figures are inflated (media will always add 10-20% to contract values, unless its for Storm/Broncos/Roosters where they remove 20-30%) the difference is the Tigpies are now spending money in the right places, particularly for intangibles. Before, they were shelling out huge dollars for potential (Brooks, Moses), often injured players (Lawrence, Teddy) or players playing at other clubs (Fifita, Heighington, Farah). Then there's monstrous asking prices of an above-average prop like Woods. They werent getting value for their money.
Spending medium-to-big money on forward leaders like Packer and Matulino, as well as passionate drivers like Reynolds (for all his idiocy and average playing skills, the merkin has a drive to win) brings more to the team than the other 3 of the Medium 4 ever would. Group that in with some medium-risk, high-reward spine players ($500k and $600k for a halfback and fullback is a bargain if they reach their potential), a bunch of tradesmen who know their role (Taylor, McQueen, etc) and young outside backs (Nofo, Suli, etc) and you have the recipe for rebuilding a club. It's a Cleary special, almost identical to what he did at Penrith (signings like Whare, Taylor, Brown, Sowie, Wallace, etc).
The guy knows what he's doing and in 2-3 years under him, Tigpies will be sitting a lot better than what they are now.