Translation
The sacrifices of ELOHIM are a broken heart; a broken and crushed heart, O ELOHIM, You will not consider worthless.
Paraphrase
That is because, in a case like this, the sacrifices that you, THE CREATOR AND OWNER OF ALL THINGS, will accept are nothing more and nothing less than a broken heart; yes, a heart that is broken over sin and a spirit that is crushed with guilt are the only things that You, O CREATOR AND OWNER OF ALL THINGS, will not reject as futile and ineffective.