The diagnosis is 'a mild flexor strain and some bone spurs'. I don't know what that means, but they have said several times that it's in the muscle, not the ligament. Price has also said that both doctors said that the diagnosis was much better than they expected it would be.
As far as the diagnosis being a smokescreen, these are two of the leading doctors on elbow injuries, Dr. Andrews and Dr. ElAttrache, giving the diagnosis. Do you think they would put their reputations on the line so that the Sox can gauge the pitching market without looking desperate?