SLT: "O’Connor suggested that trading Koufos increases the likelihood the Jazz will bring back Kyrylo Fesenko as a restricted free agent." Looks like Jazz like Fess more. Otherwise they could have just rescinded Fess' QO and kept Koufos. Anything above a mil a year for Fess though would be overpaying. He is a 3d stringer, and should be paid as such.
I'd go up to 1.5 million pretty easily if I were the Jazz, maybe even 2 million, but your point is valid. Jazz definitely must have liked Fes more. And frankly, I agree with them.
One thing I really like about this deal is that it sends a very clear message to other teams that might be thinking of making an offer to Fes: "He's our guy, we will definitely match your offer." I think that will discourage a lot of offers he may have gotten. In my opinion the only way Fes doesn't come back is if he gets a ridiculous offer like Matthews did. (Ridiculous for Fes would be anything over ~3 million and/or anything over 2 years.)