Hyde, who played 93 games for the club and kicked 39 goals, was recruited via 2000 draft with pick 40. His most prolific season came in 2006 when he played all 22 games, kicked 13 goals and averaged 16.7 possessions.
Meyer, a much-hyped arrival from South Australia, was drafted by the club in 2004 with pick 12 overall. He made his debut in round six, 2005 and played six games for the season, but added just 11 more in the next two years.
Casserly was drafted at No. 40 in the 2005 draft after impressing at senior level with Swan Districts in the WAFL. But injury cruelled his bid to play AFL football and he finished at Richmond without making his debut.
The club will finalise the changes to its playing list before the AFL list lodgment deadline of October 31.
Richmond traded its third-round pick in the 2008 NAB AFL Draft to Port Adelaide in exchange for Power midfielder Adam Thomson, leaving the Tigers with selections 8, 26, 58, 74, 90, 106 and 122.