Mate, to release a player we sometimes have to carry some of their freight for the duration of the original contract. While I understand that we are not paying any of Kelepi's Cowboys contracts (this might be wrong) we are definitely paying nearly $100k for Loko (though he is no longer in our top 25) and enough of Lee Mossop that he too counts in the 2nd tier.
Do the sums, if Loko at nearly $100k isn't in our top 25 then our minimum wage isn't the $77,500 set by the NRL and it wouldn't take long to spend the $440k ($340k if you take out Loko) before breaching.