Don't see that being the case and not because of this move. They had to punt like half of their defense off the roster just to get cap compliant and currently only have $4M of cap space this year and $6M next year. $55M of dead cap this year, with Diggs bein $31M of it. They don't even have a 3rd round pick in this draft either so no capital to move up in the 1st round.
I seem to recall Beane saying he'd never want to be in a position to draft a Ja'Marr Chase because that means you'd have to go through some lean years. Seems like the tax man has come to collect on that receipt, if he doesn't get fired first.