I'd totally take Phaneuf and the 3rd.

Worst case, Schultz turns out to be a 50-55pt scorer.
We already know Phaneuf is a steady 40pt guy... so maybe (MAYBE!) you lose 15pts on this deal... absolute worst case.

In a partial keepers (11x11 players), I'm not even sure Schultz (or Phaneuf) are keepers. The 3rd round pick can be huge though, in these pools.

Phaneuf + 3rd = Thumbs up...
but wait...
If that was a first offer, you should always counter.
Ask for Phaneuf + 2nd.
My guess, you'll get it!