Yep. There doesn’t appear to be an end in sight.
The smartest thing you could do in the current cap setup, is to sign all your core players a year early, backload their deals, then by the time their deals are nearing the end, their cap numbers will have fallen back towards the middle of the pack.
Our FO waits until the last minute to sign their star players which kills them as they overpay in the initial negotiation as they have zero leverage, and then they are always behind the next market reset when the time to resign or extend comes around.
They end up losing on both ends of the cycle.