I agree. They will need to cut 3M in payroll as well to avoid the tax... something they should do.
One thing to watch... if they win the play in tournament they lose their first round pick. So I think they would honestly rather bottom out and ensure they keep their pick. This becomes a reset year or they move Dame in the offseason. They have so much salary tied into players and will be losing Nurk, Roco, and need to re-sign Simons to a semi-large contract. I don't see them having enough money to keep everyone, so some turnover is coming.
They really should just rip the bandaid off... Simons being good should help that.