Whilst what you say is true Toronto, If we ignore averages, our weekly wage bill for the 24/25 season was also stated above as being the 17th lowest out of the 24 in the division.
and that was before Birmingham & Wrexham came up with much bigger wage bills than ourselves, meaning we are down to 19th out of 24, and Rovers then decided to cut our own wage bill on top of that.
We are now comfortably in the lowest 5 wage payers in the league (at most). And possibly rank even lower depending upon how much we have cut the wage bill this season (and how much more our rivals are spending. Derby probably had a lower wage bill than us last season, probably not anymore based on their spending)
Obviously Sheff Wed will have the lowest wage bill, as most of their players have now left. But our wage bill will now be comparable to Portsmouth, Oxford and Charlton. Even so Portsmouth are paying enough to take Chaplin on loan from Ipswich, Charlton are signing Kaminski, who wont come cheap, & Oxford are signing players who we were after)