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The dead cap space and the fact they'd be on the hook for a lot of money still owed him made him unmovable and untradeable cause no other team is stupid enough to take an average QB w/elite pay. .
They could have told him to walk this spring and owe him a total $10-12M and been done. The contract did make him difficult to trade but it's not like they were going to give him away. They wanted a pick high enough to get Mariota if rumors are correct. That's about a lot more than his contract. If they had put him out there for a 6th (LOL), we'd probably no longer have him.