We investigate the $p$-adic valuation of Weil sums of the form $W_{F,d}(a)=sum_{x in F} psi(x^d -a x)$, where $F$ is a finite field of characteristic $p$, $psi$ is the canonical additive character of $F$, the exponent $d$ is relatively prime to $|F^times|$, and $a$ is an element of $F$. Such sums often arise in arithmetical calculations and also have applications in information theory. For each $F$ and $d$ one would like to know $V_{F,d}$, the minimum $p$-adic valuation of $W_{F,d}(a)$ as $a$ runs through the elements of $F$. We exclude exponents $d$ that are congruent to a power of $p$ modulo $|F^times|$ (degenerate $d$), which yield trivial Weil sums. We prove that $V_{F,d} leq (2/3)[Fcolon{mathbb F}_p]$ for any $F$ and any nondegenerate $d$, and prove that this bound is actually reached in infinitely many fields $F$. We also prove some stronger bounds that apply when $[Fcolon{mathbb F}_p]$ is a power of $2$ or when $d$ is not congruent to $1$ modulo $p-1$, and show that each of these bounds is reached for infinitely many $F$.
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