BEN Burgess and Rob Edwards have been released - but they might not leave the club.
Hameur Bouazza, though, is on the way out after being given a free transfer.
Holloway had warm words for the Algerian - "Hameur scored against Peterborough at home and produced a number of crosses in the matches he played" - but there's no doubt Bouazza's injury problems and his lack of time at the training ground has counted against him.
The situation with Burgess and Edwards is different.
The manager admires both men greatly but didn't feel as though he could take up the options on their current contracts.
That means they've been released and are free to talk to other clubs.
But Holloway has spoken to both and asked them if they would consider signing a new deal.
"I have had a chat with both Ben and Rob and explained our situation," explained Holloway.
"We have decided not take their option for a further year, but that does not mean that we don't want them,
"I have told them that in the coming weeks I am going to sit down with them and go through a few things for next season and if we can work something out I will be delighted.
"They are two cracking people who have nothing but a positive influence around the place."
The Seasiders manager has opted to activate the options of a further year's contract on Matt Gilks, David Vaughan, Mark Halstead, Ashley Eastham and Ishmel Demontagnac.
Stephen Crainey, Jason Euell and Brett Ormerod had triggered their options earlier in the season having completed a specific number of games.
Daniel Nardiello, Bouazza, Al Bangura, Danny Mitchley and Joe Martin have all been handed free transfers, though Holloway has wished them well and reiterated the important part they have played during the last 12 months:
"They have all played their part," acknowledged Holloway.
"Nardiello put the cross over to Brett to score the winner against Watford.
"Al did well in the Carling Cup games and made some great challenges in the League games he was involved in.
"Joe deputised for Craines on a number of occasions and he never let us down and Danny Mitchley has trained hard, listened and developed and has been a good guy around the dressing room.
"I am sure they will be all disappointed but I can't thank them enough for their efforts, I am sure they will get fixed up with another club and I will be watching to see how they progress."
FOR MORE ON THIS STORY SEE THURSDAY'S GAZETTE.