If I do a more fun "keep my favorite players" prediction, it's more like
QB (2) : Flacco, Johnson (trade Mallett, hate his personality)
RB (4): Dixon, West, Forsett, Allen,* Juszczyk
WR (6): Smith, Perriman, Wallace, Butler, Aiken, Moore (cut Camp)
TE (3): Pitta, Gillmore, Williams
OL (8): Stanley, Lewis, Zuttah, Yanda, Wagner, Urschel, Jensen, Wesley** (cut Hurst, Ducasse)
DL (6): B.Williams, Pierce, Henry, Jernigan, Urban, Guy (IR C.Davis, cut KLM)
LB (9): Suggs, Dumervil, Z.Smith, Judon, Correa, McClellan, Mosley, Orr, Ochi
CB (6): Jimmy, Wright, Young, Davis, Price, Canady (cut Powers)
S (5): Webb, Weddle, Levine, Brooks (cut K.Lewis, cut Elam,* let Canady play more safety in practice)
Special (4): Koch, Tucker, Cox, (acquire a full-time P/K returner from somewhere)
*I would keep Buck Allen for ~4 weeks and then cut him once Dixon is healthy, and then sign Elam to the vacant roster spot.
**And Ducasse would still get Bajema'd with non-guaranteed base salary after week 1, so even though he's not technically on the opening-day roster, he would be the 8th OL most of the season (we'd only keep Wesley for week 1)