They were stuck with Elliott this year anyway. The only way they could have saved any cap space was via trade and what team is trading for an aging TB with base salaries ranging from $10.0 million to $16 million over the next 3-4 years?
No one was. Elliott will go down as one of the dumber contracts Jerry/Stephen handed out. If they were smart, they'd pull the parachute at the first realistic chance, and that's next year.
But the reality is that Elliott is a favorite of theirs. They used the 4th pick on him. They also love this whole notion of going against the grain to show how smart they are. So with fans and experts saying it was a silly contract and they need to dump Elliott soon, those two guys will be like "Screw that, we are smarter than they are! We are gonna keep Zeke."
As I said, my only hope comes from the fact they didn't touch his contract when they restructured guys this offseason. That leaves the "out" still possible after this year.