Yeah, the wait is because of the comp pick situation. They may have already signed Flacco or another vet QB if they weren't at risk of losing a mid-round pick in 2026.

(No, they're not waiting for Aaron Rodgers, who was cut and doesn't affect comp picks)
Reposted from Lucas
This conference helped gain some insight into why they haven’t already added another QB. The team is more aware of JJM’s rehab progress than anyone else outside the org so it appears they have great confidence in him being good to go this season but they’re cautious enough to have a backup option.

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