Need advise on a project

The Senior Center, where I go to play pool, have 30 or 40 pool cues. Some are in need of repair such as recuting the tenons and replacing the ferrules on the ends. Most are not costly cues. My options are:
1 – Throw those cues away and buy new ones (at least $25).
2 – Have them repaired (at least $50).
3 – Buy the tool to repair them (at least $125).
4 – Come up with a cheap way of cutting the tenons with common shop tools.
Being a woodworker that likes to save money, I would like to do #4.
I have thought of different ways to do this but then I realized that I have a vast source of help right here at LumberJocks.
Any ideas?

-- "Hold on to instruction, do not let it go; guard it well, for it is your life" Solomon