Port Vale have released Ian Armstrong, Simon Eldershaw, Ryan Brown, Christian Hanson and Levi Reid as manager Martin Foyle rebuilds for next season.
Foyle is now awaiting a response from Jeff Smith, Steve Rowland and Mark Innes after offering them new deals.
Meanwhile, chairman Bill Bratt will stand down from his post this summer.
"It has had a massive impact on my life. It has taken a lot out of me mentally and physically, as well as the financial side of it," Bratt, 59, said.