Unless Sheridan knows of many quality players that would come and sign for us during the summer, I don't feel conducting our very own 'night of the long knives' would be the best option. In summer 2008 I remember Luggy decided to (unnecessarily) clear out the squad, and we were bloody crap that year. Again, in summer 2011, although the clear out was forced upon us, we lost 9 in a row at the start of the season. A clear out would mean that building the squad morale and harmony would have to start again from scratch. Over the last couple of month's most of the current crop has shown a keen desire to fight for each other. Granted, there is a lot of dead wood which needs removing, but we definitely have some players here that are worth keeping hold of.
For the out of contract players, I feel that new contracts should be offered to Cole, Branston, Hourihane, Bhasera, Wotton (even if only a bit part role) and Gurrieri.
Chadwick, Feeney, Chenoweth, Lowry and Charles should all be released.
I feel that if Reid were to be paired up front with a striker with a yard of pace about him, he could get us a lot more goals. If we could get a midfielder in a similar mould to Cox, or ideally the man himself, we would have a great centre midfield.
The biggest signing the club could make though would be one John Sheridan. Given a sound financial backing in the transfer market, I honestly feel we could push for a top half finish next season.