Mina, Townsend, Davies and Begovic probably pushing 200k between them a week, probably pushing towards 250k - 300k once you take Coady and Vinagre out too. Pickford pay rise and Young's wage won't be half of that.
Also, the last accounts we saw ended last summer before the departures of Sigurdsson, Allan, Delph, Tosun, Richarlison, probably 500k a week there too. Obviously players have also come in but not on that scale, things will still be bad but it's an improving picture on the wage front, and like you say next summer the last of the proper deadwood comes off the wage bill.