Hussar
Legend
I will admit that I don't know the programmers market to me, but that seems very high.
Based on your number you are paying each programmer $500 a day. Now the normal work schedule in the US is 2000 manhours a year, or 250 days a year at 8 hours a day. Most coders I know work more than that, but for the sake of argument we will leave it at that.
So 250 days * 500 a day = $125,000 a year salary.
I could believe that the lead programmer on the team is making that much, but most coders are not making 6 figures.
Now at the 300 per day you mentioned, that is 75,000. That seems a lot more reasonable to me.
Note that the money the employer has to pay does not equal the money the employee puts in his pocket. There's all sorts of additional costs associated with payroll - employee benefits, pensions, etc. I'm not saying that the figures here are right. I have no idea. But, you cannot simply take that money as being all straight up paid to the employee.