Yes it is. It's stupid that it is but that's how it is. We paid £6m for Delph 17 years ago.
and it's about half what we got for Chuk, Philogene, Kellyman, Archer and AJ Ramsey. Youngsters with anything about them are going for over odds all the time and have been for the last 1520 years as every team tries to load up their youth squad in the hopes of the odd gem and the rest paying for the lot in sell-on fees a few years later.