Doubt it. They don't want any salary back for next year, which is why they signed him to the 1 year deal. Trading him would probably mean adding a multi-year contract to the team. I think they are keeping Foye for the entire year.
It's a cheap salary. A contending team that needs a good backup guard could give us back an expiring for the 13th/14th player on their team + a draft pick. Or best case, Foye has a decent year, has enjoyed playing with Mo in LA and now Utah, likes the other guys on the team and is the replacement for Watson and Tinsley next season.
I have no doubt Mo was instrumental in getting Foye to come aboard. They're both great guys outside of basketball. No bad apples on this team. I'd like to think that the atmosphere in the locker room may contribute to most of these players wanting to stay with the Jazz, especially those who have been through situations that haven't been too positive.
Homegrown guys I want to remain: Favors, Hayward, Burks, Kanter
Starters/6th men I hope play their way into new contracts: Mo, Marvin
Could be important backups: Foye, Murphy
Fan's Choice: Evans. Don't care if he plays 5 mins every other night. He's a keeper for the excitement he brings and his Jr. Jazz work.
Undecided: Millsap (love the guy, might hate the contract he demands), Jefferson (let's see how the inside/out game goes now that we have shooters)
Thanks for the great effort: Watson, Tinsley. Have to bring in a young PG at some point.
Meh: Carroll. Every team needs a 13th/14th player. DeMarre has a good attitude and great hair. Perhaps is replaced by our draft picks and/or other FA signings next summer.