In his most recent column on the Indians website, Jordan Bastian estimates that the Indians will have about $10-15M to spend on free agents this offseason.
The estimate is based off the assumption that, after arbitration figures are settled, the current roster will be owed around $72M to $75M for the 2015 season. And it recent years, the Indians have operated around $80M to $85M in payroll.
That leaves the Indians with the ability to make some moves, but with limited roster space. Of the primary 25-man roster from the 2014 season no one is a free agent, although Mike Aviles is a candidate to have his team option bought out.
As a result, the additional money may be spent via the trade market. The Tribe could potentially package some prospects and a major leaguer in exchange for an upgrade somewhere in the lineup (third base or right field would make the most sense).
Just to throw out an example, the Mets are rumored to be interested in trading Daniel Murphy, who has some experience at both third base and right field. The Tribe could potentially offer the Mets a package of Zach Walters and Dorssys Paulino (outfield prospect), which would free up a spot on the 40-man roster, allow the Mets to cut some cost but give the Indians an upgrade in the lineup capable of helping out in 2015.