The 65-year-old claimed that some players earned “too much money for what they are” singling out Jose Bosingwa who refused to take his place on the bench against Fulham last week.
Speaking to reporters Redknapp explained his tirade on Saturday: "I wasn't talking about all the players; I was talking about certain players.
"I've got no problem with players who are earning good money, and value for their money, I just felt there are one or two who haven't given this value.
"It's difficult. When Mark [Hughes] brought these players in, massive money wasn't spent here on transfers.
"So what they had to do is take chances. You have to take chances on players, you get them free and you pay them decent, bigger money and it's all a gamble. Sometimes it works and sometimes it doesn't."
Redknapp admitted that the club had taken "chances" on players in the summer and confirmed he would be gambling in the transfer market again in January.
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"It was difficult for Mark, he was a top manager.” Redknapp continued. "I've got great respect for him and the chairman here. I don't think I've met any nicer people in football. That's why I'm desperate to do well for the people who run this club.
"One or two of the players haven't pulled their weight, that's why Mark lost his job.
"If you want to go and spend 30 odd million on Aguero you know what you're getting. They're not gambles they're certainties. That's how the game works.
"When you're dealing at the other end of the market you're taking chances, you don't have the money for the fees. I'm going to be taking the chances now, in the transfer window. Hopefully they'll come off but there's no guarantee.
"Most of the lads here have been absolutely brilliant, top class. I still feel we'll get out of trouble."