Just so we remember, the cap is roughly 50% of revenue. What this is saying is that revenue is expected to drop by $140m per team next year (or about for round numbers). When you look at the $70 million per team cap reduction, that is already with the owners taking a $70m hit.
The cap IS going down. The owners aren't just going to eat a $140m per team loss. I have no idea how you even manage that. A lot of the cap hits were already paid. You can't just cut everyone's salary. Every team would likely be way over that number.
As far as Dak, man his agent is an idiot. He would have been much better off to take a huge signing bonus and put it in his pocket than deal with getting murdered next year. Dallas won't be able to give him the $37m tag and no team will have enough capspace to offer a huge contract. France is a freaking moron and cost multiple of his clients massive amounts of money because he didn't read the papers.