The Oregonian reported that the union and administrators reached the deal at 5:30 a.m. Sunday.
Both sides say PSU will give 2.5 percent cost-of-living raises over the next two years and increase the number of non-tenure-track instructors who receive long-term contracts, among other things.
The union had voted to strike on April 16, which would have forced class cancellations.
University spokesman Scott Gallagher told the newspaper that PSU was “immensely glad” the strike was off. He says “students were starting to get worried.”
The PSU chapter of the American Association of University Professors says in a member announcement the agreement was a “big win.”
Union members still have to vote on the deal.
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