Yep, it doesn't sit well with me either. If he truly wants to see out his career with the Titans, why wouldn't he transfer there immediately, and start building connections for the 2024 season? I'm not sure how the Titans are placed with the salary cap, but at $200k for the rest of the year, I'm sure most teams would have that up their sleeve.
There should be a heavier penalty for marquee players that transfer mid season. A penalty that increases the more your fair market value is. For example, Ben Hunt remaining payments might be $200k, but because he is a $1M+ player, there should be a 3x penalty to the incoming team's salary cap.