Regrettably, this is probably about right.
In the NFL, without a strong OC and a strong QB you won't win but 1 out of 3 against a league that has plenty of both.
Pegs would have cleaned house anyway, this will just accelerate it. Likely starting all over again next year, but with committed long term ownership hiring quality FO and coaching staff willing to join a long term committed owner. We shall see.