Yup. I suspect Spidey is gone after this contract, but i'm pretty sure that would've happened under Iger, too. It was nice to renew the deal for a few movies to at the very least finish up his trilogy and close things up a bit with Spidey. I think Disney and Sony have both mutually benefitted from this, but I think both are ready to move on. Sony wants Tom for their Spider-verse and let's be honest, the MCU doesn't NEED spider-man, especially with Blade, Fantastic Four, and X-Men coming up soon.
I do still suspect that they'll leave the door open and possibly renegotiate eventually so that they can have Spidey in Avengers 5 or something like that.