No details of the contract modifications were available. Robert McGrogan, president of the principals' union, said Saturday there was "compromise by both sides on key issues."
But it was clear that McGrogan does not consider the deal a slam dunk with the nearly 500 principals. The pact contains "serious concessions," he said.
"I along with the executive board believe we have a proposal that's worth consideration," McGrogan said. "Ultimately, the members of the bargaining unit will decide."
If the principals vote to reject the new pact, it won't be back to the bargaining table, he said.
"Our negotiations are over," said McGrogan. "We're done. If we reject this, we set ourselves up for partial imposition."
Under the terms of the state takeover of the district, the School Reform Commission has the power to impose terms on its unions. New SRC Chairman Bill Green has signaled he is willing to use those powers.
A few years ago, the principals had agreed to forego a planned raise in 2012 to help the district through a tough financial spot. They were to get that deferred raise in 2013. The district withheld the money, and the union took the matter to arbitration. The principals prevailed in the fall.
District spokesman Fernando Gallard said that no details would be released until after the membership meeting.