Relegated Newcastle splashed out more than double what Barclays Premier League champions Leicester spent on their most regular players for 2015/16.
The full cost for Newcastle was £61.9 million compared with the £24.1 million price tag attached to the Foxes, based on the transfer fees for the most-used XI.
The figure is made all the more surprising when you factor in that Newcastle signed three of their regular players this season on free transfers. Leicester, by comparison, had two players signed without a transfer fee - Christian Fuchs and Marc Albrighton.
The most expensive Leicester player - Japan's Shinji Okazaki, who has helped the team amass a following in his homeland, cost just £8.25m. He scored in both games against Newcastle this season.
Okazaki's price tag would have placed him as the fifth most expensive player in Newcastle's most-used XI behind Georginio Wijnaldum, Aleksandar Mitrovic, Fabricio Coloccini and Chancel Mbemba.
Newcastle were relegated with a game left to play after North East rivals Sunderland beat Everton in their penultimate game of the season.
Six of the most-used Leicester players cost the club less than £1 million each in transfer fees.
They include PFA player of the year Riyad Mahrez (£380,000) and Football Writers' Association footballer of the year and Golden Boot contender Jamie Vardy (£930,000).
Leicester twice beat Newcastle in 2015/16. The first encounter at St James' Park ended 3-0 to the Foxes while the return match in March ended 1-0.