Cut/do not sign:
Spiller
Lawson
Orton (if he opts in it still saves money to cut him)
Chris Williams
Gay
Lee Smith
Extend/re-sign:
Hughes
Searcy
Dareus
Mario Williams (restructure by turning salary into bonuses with a one/two year extension)
Spikes (will come cheap)
Sign/acquire:
A legitimate QB (Cutler, RG3, Eli, Brees if the Saints get cold feet on extension, a few other potential options)
Iupati
Line depth on both sides
Julius Thomas/Jordan Cameron if not outrageous deals
Draft:
A QB
A guard
A TE if you don't sign one
A RB
Depth all over