Who's off and for how much:
Michael Owen - £115,000 per week salary - free agent
Mark Viduka - £80,000 per week salary - free agent
Joey Barton - £65,000 per week salary - £2 million transfer
Sebastien Bassong - £20,000 per week salary £8 million transfer
Geremi - £60,000 free transfer
Alan Smith - £60,000 per week salary £1 million transfer
Fabricio Coloccini - £60,000 per week salary - loan.
Jonas Gutierrez - £50,000 per week salary - loan
Xisco - £40,000 per week salary - loan
Ignacio Gonzalez - £40,000 per week salary - loan
Jose Enrique - £50,000 per week salary - £2 million
Habib Beye - £50,000 per week salary - £1 million.
Shola Ameobi - £25,000 per week salary - £500,000
Total savings: Salaries per annum: £37,180 Transfer fees: £14.5 million
Who they'll keep and why:
Steven Taylor £25,000 per week salary Already earmarked by Shearer as a future captain and cornerstone of new defence
Damien Duff £50,000 per week salary A luxury item. Shadow of his former self but will do a job as left-back.
Steve Harper £35,000 per week salary He's no Shay Given but Shearer knows he won't let him down.
Nicky Butt £50,000 per week salary His legs might be going but at least he's still got enough know-how for one last hurrah.
Kevin Nolan £40,000 per week salary If he can be knocked into shape this summer goals should start flowing again.
Danny Guthrie - £20,000 per week salary Out of his depth in the Premier League, he should be happier next season
Ryan Taylor £25,000 per week salary Should feel more at home at Championship level and has decent dead-ball skills
Andy Carroll £20,000 per week salary The targetman will spearhead Shearer's Tyneside revolution but only after overcoming broken ankle