"I'm glad we finally won and we beat it. If it wasn't for the surgeon, a guy by the name of Rob Bray, who knows. He saved me, I almost lost my arm."
Spithill, who skippered Oracle to a spectacular come-from-behind win over Team New Zealand in the 2013 America's Cup said the ordeal has taught him an important lesson in taking a step back.
"You can't just go full throttle all the time," he said.
"It [the elbow injury] gave me time to really think about the [next America's Cup] campaign, what was going on, it was just a good mental test."
Spithill, who was aboard Jim Clark's super maxi Comanche when it took line honours in the 2015 Sydney to Hobart yacht race, plans to sit back and watch the race from his arm chair this year, with Comanche not returning to defend its crown in 2016.
"It's a bit of a blessing in disguise that Comanche isn't here because it gives me a chance to recuperate because the next six months will be full throttle."