Right but its somewhat semantics though. It helps give you a little more cushion during opening of FA, but basically you'll end up having to do at least a couple contract restructures to fit in the increase when it occurs.
The way I look at it:
You need $31M by the time FA opens for the franchise tag. That puts us $3M over the cap right now. Realistically, you probably want to be able to have $10M in cap space when FA opens. That means you need to shed $13M by the time FA opens, at a minimum. Cutting Clark, Edwards and Duvernay gets you most of the way there.
But then assuming he sticks on the exclusive tag, you'll need to create at least $10-15M more by Draft Day. That pretty much has to come via contract restructures most likely.
The only way to avoid that is either don't do the exclusive tag at all (not really an option I don't think) or sign him long term. Otherwise its just delaying the inevitable.