It's probably recording what amounts to a demo record, which basically contains everything you would need to reconstruct the player's point of view as if you we

It's probably recording what amounts to a demo record, which basically contains everything you would need to reconstruct the player's point of view as if you were spectating them. This means the record must contain everything the server sends to that player (other players' locations, sounds, map state changes, chat, etc.). Technically you could record only the players' inputs but to play back such a recording, you would then have to deterministically reconstruct the entire match from all players' inputs. That's a bit more complicated than just replaying the local part of the simulation that your client already does with what data the server sends to players during normal course of gameplay. oliwarner's numbers amount to about 45 bytes per frame per player, which is not unreasonable.