C - Molina (5)
1B - Encarnacion (9)
2B - Reyes (16)
3B - Lawrie (nm)
SS - Ryan (3)
LF - Gose (nm)
CF - Rasmus (arb3)
RF - Bautista (14)
DH - Lind (7 - 2 buyout)
BN - Thole (1.25)
BN - Davis (3)
BN - Izturis (3)
BN - Moore (nm)
SP - Dickey (12)
SP - Morrow (8)
SP - Buehrle (18)
SP - Johnson (11)
SP - Hutchison (nm)
SP - Baker (1/2incentives)
SP - Stroman (nm)
SP - Nolin (nm)
SP - Richards (nm+5)
SP - Garcia (nm)
SP - Buckel (nm)
SP - Drabek (nm)
SP - Jenkins (nm)
SP - McGuire (nm)
BP - Janssen (4 - team option)
BP - McGowan (1.5)
BP - Rogers (arb1)
BP - Cecil (arb1)
BP - Delabar (nm)
BP - Loup (nm)
BP - Stilson (nm)
BP - Marcum (2)
-Non tender Bonifacio and Lincoln
-Let DeRosa, Oliver walk
-Rajai signed (2/6 + 1/3 option)
-Happ to Washington for Tyler Moore
-Romero + cash to Anaheim for Garrett Richards
-Santos to the Dodgers for Onelki Garcia
-Johnson signed (3/33)
-Melky to the Rangers for Cody Buckel
-Marcum signed (1/2)
-Baker signed (1/2, incentives)
That, right there, is $124.75m, not including the arb cases. What I believe all this would allow us to do would be getting younger without losing too much talent. If the season started out poorly, we'd be able to start a nice little fire sale, but the team still has the tools to be quite competitive imo. We'd have a lot of young depth. Molina would be there to frame excellently and maybe mentor Jimenez and Thole a bit. We could finally move Reyes to 2nd and put Ryan at SS. I obviously focused quite a bit on pitching depth.
Obviously, I have no clue of the viability of any of this. But this is what I'd try and do.