The Indians will see their payroll jump from $49 million to close to $70 million in 2012.
A large part of the increase will go to Chris Perez, Rafael Perez, Joe Smith, Cabrera, Justin Masterson, Jack Hannahan and Shin-Soo Choo.
Cleveland didn't exercise the $9 million option on the contract of Grady Sizemore, giving general manager Chris Antonetti some money to spend.
He already used $5 million of that to acquire Derek Lowe from the Braves.
Cleveland's Payroll Will Jump By $21M In 2012