I re-read the rules.
I described it as wage-bill but the rules are wider than that, however they refer to Club's Player Services Cost. So as manager I don't think it can be included in their cost control calculation. I'll have to give this up.
See below
E.18. If in any of Contract Years 2016/17, 2017/18 and 2018/19, the sum of a Club’s Player Services Costs and Image Contract Payments exceeds £67m, £74m or £81m, respectively, the relevant Club must elect to either: (a) be assessed by the Board on the ‘Prior Year Basis’ (in which case, Rule E.19 applies); or (b) be assessed by the Board on the ‘2012/13 Base Year Basis’ (in which case, Rule E.20 applies).
E.19. Where the Club has elected to be assessed on the ‘Prior Year Basis’, the Club must satisfy the Board of any of the following: E.19.1. that the sum of the Club’s Player Services Costs and Image Contract Payments has not increased by more than £7m when compared to the previous Contract Year; E.19.2. that the excess increase, over and above the £7m referred to at Rule E.19.1, arises as a result of contractual commitments entered into on or before 31 January 2013, and/or has been funded only by Club Own Revenue Uplift as compared to the previous Contract Year and/or Averaged Three Year Player Trading Profit; or E.19.3. that the excess increase, over and above the figures set out in Rule E.18, as applicable, has been funded only by Club Own Revenue Uplift and/or Averaged Three Year Player Trading Profit.