Without reading the rest of the thread yet, this is where I am at. I suppose "acceptable" would be a top 6 finish, but with a lighter load without Europe, and some young talent looking boss (26, 16, 20, 10, 11, 23) and the vets settling into roles (25?, 18, 6, 3, 24) The squad looks primed for a big year next year IF they can just retain the players here. A few additions would be ace (backup striker, back up center half, someone to relieve Seamus on occasion) but over all, just keep the team we have one more year, see if we can get that top 4 and then build onto this foundation after that since we will be flush.
The back 4 has settled and Howard and Barry both look better in front and behind them. Those 6 should be a good regular line up. McCarthy pushing up the pitch has made us more dangerous as he is willing to occasionaly run past Rom which Barkley, Lennon and Kev seem less likely to do (FWIW Osman and Pienaar do that as well, it opens up passing lanes and gives and added threat in the box). Naisy, Osman, Pienaar can all be reserves.
So all that said, I could see Besic being sold, and he may be able to bring enough to buy Lennon. We would then have to find a back up #6, but that is a position every championship team employs with players dying to move up and show themselves. So we will see, "Acceptable" is a top 6 and at least one good Cup showing, but I think the team could be one of the better in the league next year and I expect them to- with the same disclaimer that decimating the Stones, Barkley, McCarthy, Lukaku young nucleus could set them back to the middle of the pack again.