Check your sources and info more carefully next time:
“As noted by Charles Robinson of Yahoo Sports, failure to report by August 6 results in Elliott forfeiting a year of credit toward free agency.
Robinson notes that Elliott is aware of the deadline, which is good because sometimes neither the player nor his agent are aware of the consequences of a player under contract staying away beyond the start of the 30-day countdown to the start of the regular season. (We first became aware of the rule more than a decade ago, regarding a player who quickly ended his holdout after his agent read our article.)”