Orthopedist David Altchek performed the surgery.
Moyer, who turned 48 this month, went 9-9 with a 4.84 ERA in 19 starts this season before injuring his elbow during a July 20 start in St. Louis. Moyer, who is a free agent, rehabbed the elbow with his eye on competing for a job somewhere in Spring Training. But those plans derailed this month when he injured his elbow again during his third winter-ball start.
Moyer would like to try pitching again after rehabbing from the surgery, which could take a year.
"Thanks to the advances in surgery, many pitchers have made successful returns to the mound after undergoing surgery similar to mine," Moyer said in a statement. "I look forward to the challenge of making a comeback for the 2012 season. I love this game, and I still believe I can be a successful pitcher in the big leagues. Prior to the injury, I was feeling great and throwing well. I want to thank everyone for the kind words and good wishes."
Todd Zolecki is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.