Hartlepool United will reveal their retained list on Thursday - with Billy Paynter set to leave the club this summer.
The 32-year-old was part of the Fab Four put in charge following Dave Jones' sacking but they were unable to keep Pools in the Football League, with the club relegated to non-league for the first time in the club's history.
Paynter, 32, joined Pools in the summer of 2015 and went on to be made skipper, scoring 17 goals in 53 league appearances for the club.
He hasn't played since January through injury, with the striker needing to wear a protective boot following Achilles surgery.
Hartlepool United confirmed earlier that the full information on players released and retained will be revealed on Thursday and SportMail understands Paynter will be leaving Pools.
The striker took to social media on Wednesday evening, tweeting: "It's been emotional @Official_HUFC
"Hope you find the right man for the job to bring you back into the football league. #NSD
"Loved my time there meet some great people. Fans and Club deserve the best."
Paynter joined forced with defender Matthew Bates, conditioning coach Stuart Parnaby and head physio Ian Gallagher to take charge of the last two games of the season but they were beaten by Cheltenham Town before a dramatic final day win over Doncaster Rovers.
It wasn't enough to keep Pools up though, with Newport County beating Notts County to maintain their Football League status.
Meanwhile, young midfielder Kieran Green has completed a move to Gateshead following his release from Pools at the end of the season.
The 19-year-old spent time on loan at The International Stadium during the second half of last term and did enough to impress boss Neil Aspin and earn a permanent deal with The Tynesiders.
Green has been on the books at Pools since he joined from Stockton Town as an Under-14 and he went on to make a First Team debut in the FL Trophy against Sheffield United in October 2014.
The former Youth Team skipper turned professional with Pools in the summer of 2015 but went on to make only four further senior appearances for the Club.
A club spokesman said: "Everyone at Pools would like to wish him all the very best for the future."