As far as I can tell based on googling news on their signings, here is the current squad and when their contracts run out :
End of season, 2011 :
Friedel, Guzan (?), NRC, Carew, Osbourne (?)
End of season, 2012 :
L Young, A Young, Heskey, Davies, Gabby, Albrighton, Sidwell, Beye, Cuellar (?), Salifou (?), Delfouneso
Later :
Dunne, Collins, Warnock, Ireland, Delph, Downing, Petrov
Ive highlighted the ones I would see as 'deadwood' - I would estimate they are costing us £200k a week - thats £10 million a year in wages that could be spent on better players or rewarding a couple of the younger ones with professional contracts.
by the way, I have a different view of what constitutes the deadwood than to others obviously. When a new manager joins he has to work out a plan to 'get rid' and also to get a lot of those others - eg A Young, gabby, extended beyond summer 2012.