Friends reunite at the sculpture known on the University of Florida campus as "the french fries" on the first day of the 2011 spring semester Wednesday, January 5, 2010.

How much will the University of Florida have to pay for a president with a stellar academic track record and the skills to run a flagship public research university with a medical school and agricultural college?

The compensation subcommittee of the UF Presidential Search Committee will hold a conference call at 3 p.m. Monday to discuss the compensation package.

UF presidential nominees

Here is the current list of people nominated by third parties for the University of Florida presidential search, as of July 3:

Srinivas Aravamudan, professor and dean of humanities, Duke University M. Katherine Banks, vice chancellor and dean of engineering, Texas A&M John A. Delaney, president, University of North Florida Anthony A. Frank, president, Colorado State University Robert G. Frank, president, University of New Mexico Mark A. Fuller, dean, Isenberg School of Management, University of Massachusetts, Amherst Zvi Galil, dean of computing, Georgia Institute of Technology Thomas C. Galligan Jr., president, Colby-Sawyer College Thomas F. George, chancellor, University of Missouri-St. Louis Joseph Glover, senior VP/provost, University of Florida Bernadette Gray-Little, chancellor, University of Kansas Freeman A. Hrabowski III, president, University of Maryland Baltimore County Lon S. Kaufman, vice chancellor/provost, University of Illinois at Chicago Pramod P. Khargonekar, assistant director, Directorate of Engineering, National Science Foundation Renu Khator, chancellor, University of Houston System Ann G. Kirschner, university dean, Macaulay Honors College, City University of New York Michael V. Martin, chancellor, Colorado University System Roderick J. McDavis, president, Ohio University Gordon G. Meneely, managing general partner, Life Management Systems Michael A. Middleton, deputy chancellor, University of Missouri-Columbia David C. Munson, dean, College of Engineering, University of Michigan Santa Jeremy Ono, president, University of Cincinnati Eduardo J. Padron, president, Miami Dade College Sheldon M. Retchin, senior VP/CEO Health System, Virginia Commonwealth University Carlos J. Reyes, attorney, Reyes Law Group Wei Shyy, executive VP and provost, Hong Kong University of Science and Technology Claude M. Steele, executive vice chancellor/ provost, UC Berkeley Caroline C. Whitacre, VP/research, Ohio State University Timothy P. White, chancellor, California State University System

That could be the million-dollar question.

A subcommittee of the UF presidential search committee will tackle that question during a teleconference at 3 p.m. Monday, when it will receive a report from the Mercer consulting firm on the range of compensation for peer institution presidents.

The subcommittee will report to the full committee and the Board of Trustees on Tuesday, at which time the board may vote to adopt the salary range recommendation.

Bernie Machen, the current and 11th president of UF, had a total salary package of $720,594 in 2013, making him the 26th-highest-paid university president in the United States, according to a report by the Chronicle of Higher Education.

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UF looks at how much to pay new president