MLB Trade Rumors unveiled their arbitration projections for 2016. The Orioles have some players who will be getting raises, but they won't have as many big, potential failure bets in that process for next season. That's a good thing.
The question of just how much money the Orioles will be able to spend in free agency is not one to which we have an answer. One thing that can be said for sure is this: The more money the Orioles have to spend to hold on to their existing set of players, the less money they'll have to spend on potentially retaining the departing free agents, or, in a wholly radical move, signing a free agent from elsewhere who actually matters.