I think for the Preds it's more about the draft pick compensation than the $$$. We'll have a little over $10M in Cap space with everybody except Glass signed.
At minimum you have to make an offer that gets us a 1st round pick, so you have to cross the $4,290,126 AAV threshold.
We can afford that easily on the $$$ side, but to me I'd certainly consider taking a 1st round pick instead of Glass if it was from a team where I could reasonably project that their first would be a top-10 pick. There are only 17 teams in the league who even have their picks to meet that threshold, and many of them would be too scared to risk that their pick could be a top-3 pick. It would have to be Dallas, Carolina, Buffalo, or New Jersey out of those 17 teams who could really take the chance, but then, I would reject their picks as not being enough and just match the $$$.
And you really don't get any further in terms of tempting us to take the picks in the next tier of compensation, since Nashville already has lots of 2nd and 3rd round picks stacked up. The next tier from $6.4-$8.58M is the one where I'd match if it was a 1-year offer, but reject if it had term... I wouldn't gamble on Glass at those numbers for 4 or 5 years, sorry Cody. I would be disappointed at the meagre draft pick compensation, but c'est la vie.
Once you get to 2 1st round picks at $8,580,251, then I will take the compensation for sure, from any team, even on a 1-year offer sheet. Two 1sts for Glass would be a steal.