It's gonna cost more to cut him now than to cut him next year. He's gonna be very difficult to trade and I don't see him being cut as it would make the salary cap situation in 2024 worse. The front office doesn't have a choice really. Odds are really high that he stays on another year, maybe rides the pine depending on the coaching situation.
It's more important that the coaching situation gets cleared up before the front office makes any player personnel decisions.