Manager Stuart McCall is staying at Valley Parade.
McCall will have a reduced playing budget next season and will also take a pay cut himself, despie making a decent run at promotion for the majority of the season.
The City manager told the Yorkshire Post, "It has been a tough couple of weeks. On the Monday after the Dagenham game, I was 99 per cent certain I would go only for the wave of support (from the fans) to make me review the situation.
"Then I sat down with Mark (Lawn) and Julian (Rhodes - joint chairmen) to be told what the cuts would be for next season and it made me realise that the last thing I could do was walk away. I did not want to be seen to be deserting a sinking ship.
"That was probably my main reason for staying. The easiest decision would have been to quit but I want to give it another go."
In the current climate, you have to cut your cloth accordingly and not going up or reaching Wembley has cost this club a lot of money.
"I will be taking a voluntary pay cut and some of the staff might have to do the same. It is horrible to have to tell people that but it will have to be done in the next couple of days.
"Even the lads that we want to stay will be getting a reduced offer."
"Contracts are contracts, so we will have to wait and see. But I will say now that it will be tough if we can't move a few of those players out in the summer.
"It will make it an even playing field if we can get rid of some of the boys who take up so much of the wage bill."
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