The days of spending over 50K for a nice LMS is a thing of the past. Today solid systems can be found for less than 10K but you will need to make some sacrifices. Most often in robustness of features and a more streamlined approach.
While people often race out to get a LMS/LCMS, they may not need or want all the features that come with them, but believe they have nowhere else to go. A CMS – Content Management System, maybe is what they are really seeking.