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dennis you nailed it. almost as good at posting as you are at sports.
the first thing is what the fuck is a "webmaster" exactly.
Kick Ass hired me as a "webmaster" about 4 years ago, which meant I did everything all the time from coding to content processing to designing to management to promotion, etc. if that's your definition of "webmaster" than i think you should drop 50-80k/year depending on the qualification of the candidate.
if your definition of "webmaster" is just someone who keeps your site running, adding content or whatever... then hire a young-kid for $18-25 per hour depending on how good he or she is.
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'Satanism is like Capitalism for teens' - Ty HellHouse
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