In the spirit of healthy conversation I will say that I am a little confused with why prices crashed a little bit. Wages went down and income stayed the same at worst or went up at best. So more money in the pot = higher prices right? Or did the lower wages, higher income cause more people to hold onto their guys, limiting demand for replacement players?
I'm not 100% sure on this, but here's my theory. Even though wages went down overall, there are more high salary players in the game now than a few seasons ago. So there's two competing factors affecting salaries: (1) good players are moving into the "really expensive" category since many, many users have figured out effective training regiments, and (2) a global downward adjustment of wages.
While this works overall, it's not evenly distributed among all teams. I'd guess that (1) disproportionately affects the higher division teams, since it's the players that already have pretty high salaries and are being trained that get the real exponential salary increases (e.g. 100k->300k), and those players tend to be on teams with the higher division incomes. Factor (2) basically hits all teams, and while it's still bigger for higher salaried teams, I don't think it's quite the same exponential relationship that we see with training. The net effect, I think, is that the higher salaried teams get hit harder, since they're bearing a larger portion of the training-based salary increases, compared to the portion of the wage reduction that they see. So the teams that usually have money to spend, well, don't. And the teams that had less to spend have a bit more, but still not enough to maintain transfer prices for top-tier players.
I'm not saying there's anything wrong with this--if I'm following correctly, it should be a pretty effective balancing technique for preventing upper division teams from running a way from the d3/d4 types--but I think the side effect is that fewer individual teams have huge amounts of cash, so there's no one left to prop up the high-end of the transfer market.
Of course, I could be completely wrong...