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This wouldn't be a squash, like KB said. I'm not sure Foley ever squashed a single superstar in his entire career. I fully believe that this would be a competitive match. In the end, Foley would probably win. He's had the better career and he is one tough SOB. I'm not a fan, as he is big and fat and slow and sloppy, but Dibiase hasn't yet proven that he could win.
Simply showing your lack of knowledge, but I'm not busting the big guns out yet for Foley. The term under rated gets thrown out a ton, so I'm not going to use it. Mick Foley is the most under appreciated wrestler probably in the history of the business. The guy could work any style he wanted to and made everyone he was in the ring with damn good.
Almost every star of the last 20 years was made because of Mick Foley. Vader, Sting, Austin, Undertaker, The Rock, Triple H, Randy Orton, Edge, just a few guys that owe their stardom to Mick Foley putting them over and making them look damn good.
Every single one of Foley's gimmicks is better than Ted DiBiase Jr. I don't think you could pick any time in any gimmick of Foley's where he'd lose this match. DiBiase Jr. isn't bad, it's just that Foley is that damn good. This match wouldn't last too long.