Your CPU is Xeon X5570 which belongs to the Nehalem EP family of CPUs; which does not have the VMX Unrestricted Guest feature. So you should try using VMware Workstation Player 12.5.8. Workstation Pro/Player 14.x will work only with Intel Westmere and later CPUs that has the unrestricted guest feature.
https://ark.intel.com/products/37111/Intel-Xeon-Processor-X5570-8M-Cache-2_93-GHz-6_40-GTs-Intel-QPI
2017-11-22T14:14:24.886-06:00| vmx| I125: hostCPUID codename: Nehalem (Core i7)
2017-11-22T14:14:24.886-06:00| vmx| I125: hostCPUID name: Intel(R) Xeon(R) CPU X5570 @ 2.93GHz
2017-11-22T14:14:24.887-06:00| vmx| I125: Common: MSR 0x485 = 0x401c5