True, but that's also Loomis kicking the salary cap impact down the road like he usually does. Most of the people wanting to cut Carr are also very much against Loomis continuing to do business this way.
They want it to be daytime and nighttime at the same time.
Almost every player contract in the NFL is structured like that. They almost always have a low first year salary with a signing bonus. Even the rookie contracts are built that way.