According to Versus.com:
The UFC has released veteran Phil Baroni.
Baroni, 34, said he plans on "getting back on the horse" immediately after his 60-day medical suspension is over. He doesn't plan on retiring and would like to remain very active in 2011. He said he has come to grips with the idea of working his way back into a big show.
Phil "New York Bad Ass" Baroni (13-13)
Loss Brad Tavares - TKO (Knees and Punches) UFC 125
Loss Amir Sadollah - Decision (Unanimous) UFC 106
Loss Joe Riggs - Decision (Unanimous) Strikeforce
UFC 125: Emotional Phil Baroni Expects UFC Release, Refuses to Call it Quits