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Seems kinda low. I guess it depends on where you are from.
This is a texas based company. What would be reasonable in your opinion?
88k plus 12k potential bonus is about what I would expect in Texas, honestly. There are certainly places that pay more, but you'll need the years of experience and qualifications to land those jobs. If it were me I'd ask for $95k to see what they say, since you can't count on that bonus income.
It also depends on how many people you are supervising.