release everyone and recruit your own players, but i mean, you have a lot of guys graduating and a lot of will-be-seniors next year - who really don't make sense to cut. you can get money for them early in RS2 and that might be worth it if they are especially terrible, but the soph/fr i would try to move up their departure as much as you can.
if you can get a higher prestige school, might be worth it, just because you haven't really done much yet? did you reserve this school or get it via jobs - it kinda looks like you reserved it - just mentioning because if you got it via jobs, you could have already cut guys and done an RS2, and then had a big RS1 class this season. but you have a tiny RS1 class and that sets you back a bunch. having done so little, i mean, i just don't see a reason to wait to jump if you can?