The Buccaneers waived McElroy (foot) with an injury designation Tuesday, Scott Smith of the team's official site reports.
With McElroy -- who spent the majority of the past two-and-a-half seasons on the team's practice squad -- having been waived, Cameron Brate, Kyle Rudolph, Cade Otton and Ko Kieft profile as Tampa Bay's top tight end options. McElroy is also set to undergo foot surgery this week, Jenna Laine of ESPN.com reports, so he'll have bounce back from that before getting a chance to resurface.
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