MINNEAPOLIS — The University of Minnesota’s Board of Regents will pay a search firm $200,000 to help land a new president.

University President Eric Kaler is retiring in about 11 months. Regents are working with Storbeck, Pimentel & Associates to find a new president, Minnesota Public Radio reported. The firm said the best candidates for the job rarely apply for the position and have to be “coaxed into it.”

The university has created a website as part of the search. People can submit nominations to the search committee, which will include regents, faculty, students, staff, alumni, benefactors and other community members.