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Yes that's right. No idea how the Albion produce their budget. It could be wages + amortisation - gain on player disposals or it could be wages + net transfer spend.

If you take a look at teams who were promoted to the PL recently who did not have parachute payments, Bournemouth spent £70m and Watford £65m. That was before the present TV deal commenced.

It's not really a transfer budget though. There's a combined pot for signings plus wages. Dale Stephens renewing his contract has saved at least £10million, David Stockdale signing would save at least £5m etc