My input:
Keep: Allen (cheap), Ballouchy (cheap), Brandt (young+ extremely cheap), Brovsky (not crazy expensive), Mix (Yes, he's actually good), Facey (you don't need him Man City), Iraola (expect more next year), McNamara (good+cheap), Mena (shows potential), Mullins (why has he not played more?), Pirlo (duh), Poku (duh x2), Saunders (cheap backup at worst), Shelton (young +potential+cheap), Taylor (cheap), Velasquez (cheap, I think? If not cut), Villa (duh x3).
Will be gone but I'd love to keep: Angelino (way too good to stay, sadly)
Will be back but I'd cut/sell : Lampard (he doesn't fit with our team+ injuries+ plus everything with his signing), Jacobson (he'd be a good backup, but he's fairly expensive for a backup, right?), Johansen (nothing against him, but we can use the international spot better), John (a lot of money for a player who's a big ?).
Cut while Kreis is on vacation, then don't accept his calls for a week: Grabavoy (way too expensive for role), Wingert (way to expensive for role)
Cut/ Sell: Alvarez (old), Calle (just don't buy), Hernandez (old+expensive), Meara (horrible loan), Nemec (300 K that doesn't even see the bench), KWS (I could see keeping him for his cheapness alone).