Weber is currently coming off a three-year contract that had a cap hit of $4.5 million per year.
As a restricted free agent, he is able to sign offer sheets on July 1st. However, Nashville will have one week to match the offer. If Nashville doesn't match, then Weber's new team owes draft picks in compensation.
The compensation is based on the cap hit of the offer sheet compared to the overall salary cap.
Based on the 2010 salary cap, compensation would be as follows:
$4,637,944 to $6,183,925 = First round draft pick, second round draft pick, third round draft pick.
$6,183,925 to $7,729,907 = Two first round draft picks, second round draft pick, third round draft pick.
>$7,729,907 = Four first round draft picks.
If Weber does sign an offer sheet, it is going to have to be for at least market value, which I would estimate is at least six million dollars per year. More realistically, Nashville will probably match unless the offer is closer to seven million.
However, money isn't the only consideration. I get the impression that Weber wants to win and play in a hockey market more than he wants the money. If Nashville can beat the Canucks and go deep into the playoffs, then I think Weber resigns with the Predators unless they low ball him.
If Nashville loses to the Canucks, then I think he looks at his options.