Spending to date is certainly modest, but we are still early into the window and there's a lot of jockeying taking place as players and agents are at this stage in strong negotiating positions.
Compared to spending in previous seasons for promoted clubs we are some way behind, although it could be argued that Stephens and Baldock signing new deals has saved the club £15m in transfer fees.
This is the average spend by promoted clubs in last few years on signings.
In 2015 both Watford (£64m) and Plucky Little Bournemouth (£69m) spent a lot and stayed up. Norwich spent only £35m and were relegated.
Last season both Hull and Boro were up for sale having been promoted, their chairmen were therefore reluctant to sanction the cheque book being used and both went down again.
We only need 2-3 signings IMO, Abraham was on the list and we lucked out, Delaney and Neto have both got to third base but no further.
The defence looks solid apart from needing one more full back, midfield needs one more and a striker.
TB hasn't spent £300m getting us here for a 9 month stay, so there will be more arrivals.
In relation to your specific points.
1: Yes clubs have been in receipt of large sums but have spent a lot on wages and fees. Having said that finances are way superior to the Championship.
2: Two types of FFP in EPL. (a) Losses limited to £105m over three years, and (b) A form of wage control called STCC that restricts increasing the wage bill by more than £7m + increases in commercial & matchday income + gains on player sales.
3: CH is very cautious, he won't want another Ricky Van Wolfswinkel on his hands.
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