Friedel, Guzan, (Young GK)
Cuellar, (Young RB)
Warnock, (Young LB)
Dunne, Clark
Collins, Davies
(Bentley), Albrighton
Young, Downing
(Ireland), NRC, Delph
(Parker), Petrov
(Keane), Carew
Gabby, Delfeuonso
The GK, DR, DL can either be promotions from the youth team, or of no one is good enough, youngsters from other teams such as Onuoha and Clyne. We don't need to spend silly money on these positions.
I'd also rather bring in younger versions of Parker and Keane, but can't think of any.
Selling/Releasing Marshall, Bouma, Shorey, Beye, Young, Salifou, Sidwell, Milner, Harewood, Heskey would free up enough cash/wages to buy the above players.
The above team would have a younger average age than the current squad, be a better first 18, and probably drop the wage bill slightly.