So they'd just be replacing some overpaid players with more overpaid players. Not really what they want. Besides, would the club pay silly money when they stand a real chance of Championship football next season? And if they protected themselves by inserting a relegation clause they'd not...
True. But it's rarely achieved by the team in bottom place. Only once in 20 years isn't it? I could also understand experienced good Premiership players going to a "big" team near the bottom but not a small club actually at the bottom.