Alex, that would be around the figure that Warnock was on at Sheffield. When I was doing some of the research for the "Fans want Warnock" article I saw something which intimated he would not be looking for or expecting a salary anywhere near that. It was an older article and would not have been in connection with any move to ICT but he is bound to know he could not command anything near that salary here and yet he still seems interested....suggesting to me that his demands would not be that great.
Add to that the more recent article in which he said "I have not always been money-motivated. For me, it is more about the size of the challenge and working for people who have faith in me." and also the fact he has already turned down offers from "bigger" clubs because "they just didn't feel right" and I honestly don't think he would be that difficult to negotiate with on the cash front.
As a fan, I would be happier spending my money at the club knowing it was being used to push the envelope where it really mattered and when it comes to important personnel they don't get any bigger than having the right manager.