The free player is what earlier on was the normal version of Fusion.
So you only lack the professional features like connect to a vSphere host, have the network editor and a few other smaller issues.
See the Compare tab at [0] for a complete list.
edit:
Oh.. and if you meant VMware Workstation Player then see this list [1]
[0] https://www.vmware.com/products/fusion.html
[1] https://store-us.vmware.com/compare_workstation