Some thoughts:
The salary cap impact is irrelevant. Jerry had $31 million in CAP space before he traded Micah and didn't use it. He has to change his philosophy about signing free agents for the CAP space to matter. Signing his own players makes the Cowboys the same, not better.
I think Jerry could have signed Micah for a lot less last March and probably less than that had he extended Micah after his 3rd season. Jerry got burned by his own stupidity extending players early, like Zeke, Steele, and Diggs so those experiences kept him from extending Micah early. It seems everything Jerry does turns out wrong.
The 2 first round picks will be in the 20s most likely. The Packers had the 6th best defense last year. With Parsons they should be better than that. The Cowboys drafting late in the first got they Guyton and Mazi - oh, and Taco. They need to do better for this trade to work out for them. The Cowboys best bet to acquire a new franchise QB in the draft will be from their own draft picks which will most likely be sooner than GBs. But It will take both draft picks and then some, possibly a 3rd 1st round pick, to move up to the top 2 picks.
Jerry talked about using these two picks to acquire other players, or more picks. Jerry making more trades should scare everyone.
If the Cowboys pass rush is garbage this year I cannot imagine what fans will be saying.
Kenny Clark already has 9 years in the NFL. 2025 will be his 10th. I think the Cowboys keep him for maybe 2 years.
This trade has nothing to do with rebuilding. The Cowboys still have a 32 year old QB on a $60 million per year contract who really can't be moved until 2027. Daks CAP impact for each of the next 4 years is $50.5MM, $74MM, $68.4MM and $78.4 MM. That actually averages out to over $67 million per year.
IMO, it never should have gotten to this point. Jerry let it happen. I know Micah did some dumb things but he was playing Jerry's game of chicken and in the end both sides lost.