Oh... nice one. Looks like a great deadwood project.
Please, look up pictures of Taxus and compare (I'm not sure if that's what it is).
I would certainly try to collect it.
Cut a circle around the root system using a shovel. Or look up how to transplant trees, here's one link:
www.lowes.com/projects/lawn-and-garden/t...s-and-shrubs/project
Personally, I would consider to, after digging the circle, leave the tree alone for a season, before collecting it.