Juju is probably sticking around because of his contract. His $7M guaranteed salary would be very hard to move, and cutting him even with a post-June 1st designation would still net them almost zero cap space so they may as well keep him. However, he had a good attitude last year, looked better later on briefly with Zappe and maybe there is a chance that he can get right.
If I were them, I would convert take his $7M guaranteed salary in 2024 and convert $6M of that into a signing bonus while cutting his 2024 salary to $1M, and adding 3 void years to the end of the deal. His incoming cash would remain the same but his cap hit in 2024 would go from $10M to around $5M. His cap hit would go up slightly to around $11M in 2025, but if he still looks poor this year, they could cut him next year more easily since his 2025 salary is not guaranteed. His signing bonus cash would accelerate and the overall dead money hit would be around $7M next year.
So overall you'd cut your cap hit this year from $10M to $5M, while raising your potential dead money hit next year by that same amount if he's still bad and you're cutting him. However, if he improves then you may not mind paying him that deal next year.