If i went through 2 surgeries like that to try to make it back, I would continue to push into the season with a dl stint or minor league stint or bullpen...
I would want to be fully sure i cant come back. Phil should push till next season. If he cant make the team after next spring is the time to see if a negotiated buyout is possible or a release.
Phil does seem like the type to do a settlememt but again not this year.
Nicksaviking brings up a good point though. Can you just stash someone on the 60 day DL without a reasonable cause of injury? I mean, he's pitching now and supposedly healthy.