Hodgson says his tenth-placed troops will need a big effort to bridge the inevitable gap in quality and compete with Spurs' expensively-assembled squad.
He told the Albion website: "Kyle Walker and Kyle Naughton cost them a fortune and that's without mentioning Hutton and Corluka, and that to play at right-back!
"How many teams in the country could persuade Adebayor to move from Manchester City, where he's not wanted, and then pay his wages? I would think there are only three teams in the country who could pay his wages - five or six maybe.
"If you go below Aston Villa, who have a reasonably big budget, that's it. You're certainly not going to do it on the budget we've got. We've got no chance, he would eat it up. They've got the players, certainly.
"Van der Vaart was a massive star at Hamburg and was sold for lots of money to Real Madrid. Adebayor was a £25m transfer from Arsenal to Manchester City and both of those two have played in the Champions League for Real Madrid.
"Modric cost £15m or £20m five or six years ago and Scott Parker is a current England international, and everyone knows what his value is. And in Bale and Lennon they have produced good players.
"Bale was an expensive player as a kid but they have developed him there.
"King was one that they have produced, and they've gone out and got Friedel this year. They have paid a lot of money for Bassong and Kaboul, so they are an expensively-assembled team with quality players.
"Our problem is going to be 'can we deal with their quality?'. It will be the same for every team that plays them. When they come up against the Manchester Citys, Manchester Uniteds and Chelseas it will be a bit more 'like with like'.