It does explain why the team haven't been firing as we know they can, they must have had the financial issues hanging over their heads for the last couple of years.
It's actually extremely impressive that Wasps have been able to put together a team that, on their day, could beat anyone with a shoe string budget way below the salary cap
Whilst I would not expect any player to stay at a club on an un-competitive salary, they have families to feed after all, its a massive testament to the players who have stuck at it & the coaching staff who have persuaded them to do it (and presumably also worked for less than they worth?).
Just increases my sadness at seeing it all going under....