Kay, the first thing I would do is disconnect both ends of the clutch cable and examine it carefully looking for broken strands of cable. Broken strands will sometimes break completely away and shed inside the cable housing, so check the cable diameter at each end also to see that the cable is the same thickness at both ends. You have a cable adjuster at the clutch housing end of the cable and another one at the handle bar clutch lever. Usually, the primary adjustment for taking out 90% of the slack is the adjuster at the clutch housing. Once that is done, turn the adjustment screw/barrel at the handlebar grip until there is no gap between the clutch lever and its stop/housing. Then back it off until you have about 1/16" of gap/freeplay between the housing and clutch lever at the handlebar. Pull the clutch lever in a couple times, release it and then recheck the gap.
You should still have the little bit of freeplay. The rear wheel spinning slightly is normal due to properties of fluid dynamics and transfer of motion/friction,,,blah, blah blah.

With the bike on the centerstand, you should be able to stop the rear wheel from turning by scuffing the sole of your sneaker on it. (I can stop the rear wheel from turning on my 1150 with my bare palm quite easily)
On reason a clutch will drag excessively is a history of a leaking fuel petcock and having continuous amounts of gas in the crankcase oil.
That will cause a clutch to grab and stick at low rpm and slip at high power/high rpm.
Have you any idea how many miles are on the bike? Usually, unless the bike has been run out of oil or severly abused, clutch parts are rarely damaged. At worst, you will need to replace the fiber disks. Dont worry about it. It is no more difficult than changing a tail light bulb. If you find you need to do that, yo will be shocked at how easy it is.
I get Vesrah clutch lining kits from cycle recycle at
http://www.crc2onlinecatalog.com/Index_Main_Frame.htm
Clutch linings are under "engine parts". They ship priority mail and I usually get an order in 3 to 4 days. I have been dealing with these people for years and they are great, much quicker than Dennis Kirk or Bike Bandit and they actually do answer their phone and are knowledgable if you need to talk to someone about a special order or requirements.
(They carry clutch cables too)
All you will need for tools to replace clutch linings is a couple wrenches and a ratchet with a couple sockets. If you hold your hands in the same position for each clutch bolt and use the same grip and same two fingers to tighten and do it in a repetitive pattern, you can do it reliably without a torque wrench. I have been doing it so for years with never a problem.

About 99% of the time, I can remove a clutch housing without tearing the gasket, so you can do it too.