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I saw a video with Mort on ESPN who thinks he'll stay here for the year. I just don't see it. Cassel has at least earned the right to start in this league. While I think his value is a little inflated right now (which works to our advantage), he's also proven he's far better than a lot of the NFL QBs out there.
I think you're right, also because I just don't see the Pats carrying $29M of QB cost on the books, even for 1 year. I think that if they don't trade Cassel quickly (within the next month) they'll sign him to a multiyear deal which is more cap friendly, and either trade him later on or keep him.