realistically, and most sensibly, keep all of the core position guys (Bautista, Encarnacion, Martin, Donaldson, Tulowitzki). Sign one semi-premium starter (Zimmerman, Cueto, Shark), re-sign Estrada. Hope that one of Sanchez/Osuna/Hutch can fill the #5 role. Sign 2 BP guys. Give 2016 another run with Travis back and a bounceback year for Tulowitzki.
2016 is a whole different matter. I'd want to keep Bautista and Encarnacion since I don't see their games falling off a cliff - but am fully aware that this is not realistic salary wise. cross that bridge when we get there. Unlike some others on this post, I'm optimistic that the Jays can win the AL East next year with 1 FA arm, a re-signed Estrada, a Tulowitzki playing to career norms, the return of Travis, and finding a solid #5 from within.