Neither, that is referring to the total number of "tournament points" that are given out in the tournament. These points are split among the players in the tournament, with the lion's share going to the winner. They essentially a measure of how well you have done in Chess.com tournaments in the past. For information on how they are calculated, you can go here: http://www.chess.com/tournaments/help.html?S=1609&A=2&G=6&T=18#points .
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When playing in a tournament What does it mean by points available? Does it mean points added to your rating or points for how involved you are in Chess.com?