Your points are well taken. I especially like that you do not include overextending on the cap as part of the plan when contending for a championship. I would prefer following the model where the team spends to the cap and competes every year rather than having boom and bust cycles.
While I understand that things take time, I am uneasy about putting a timeline on the rebuild. If the rebuild window is not tight, the initial set of players get injured or age out before the plan comes to fruition. Wolf needs to understand that the time to minimize investment is passed. Time to establish the yearly process to expend as many resources as he can without mortgaging the future to make the team as good as it can be for the upcoming season. All the talk about building for the future by Mayo and Wolf needs to stop after this season. The team needs to set higher expectations with the players.