Seems pretty realistic to me. Our division is trash, and one only needs to look at Sean Payton in Denver. He took over a team that was projected to have one of the worst rosters in the league, traded Jerry Jeudy, cut Russell Wilson with a massive cap hit, and drafted a rookie QB. He's now in the playoffs in his second season in the toughest division in football.
We can mostly fix this cap in two years if we want to. It'll all come down to the draft success.