UPDATE: Here is an update sent from SPS to district families specifying that the tentative agreement is for only a two-year pact:

We are pleased to let you know that a tentative two-year agreement has been reached by the Seattle Education Association, which represents educators, and Seattle Public Schools bargaining teams. SEA members are scheduled to vote on the tentative agreement on Tuesday, Sept, 3 at about 5 p.m. If SEA members vote to approve the agreement, school will start on time on Sept. 4. We will inform families on Tuesday evening of the outcome of the vote, which will also be shared by media. Superintendent José Banda thanks the SEA and SPS bargaining teams for their hard work and commitment to student success. We will continue to update our website at www.seattleschools.org.

Original report: Capitol Hill parents can *probably* relax on scrambling to “develop back up plans”  — Seattle Public Schools announced early Sunday that a tentative agreement has been reached as the negotiations over a new contract with teachers headed into the final weekend before the start of the school year slated for Wednesday. The union must still vote on the deal when members meet Tuesday night.

A statement sent from Superintendent Jose Banda about the deal is below:

Members of the media: A tentative agreement was reached early this morning between the Seattle Education Association and Seattle Public Schools, and we are releasing the following statement. No additional information is available since SEA membership still needs to vote on the contract Tuesday night.

Statement from Superintendent José Banda regarding tentative agreement between the Seattle Education Association and Seattle Public Schools

I want to express my thanks to the Seattle Education Association and Seattle Public Schools bargaining teams for their efforts to craft a tentative contract agreement for the 2013-14 school year.

All of us at Seattle Public Schools value the contributions, skills and dedication that our educators bring to Seattle Public Schools every day, and their commitment to our students’ success.

SEA has informed us that the membership will vote on the tentative agreement on Tuesday, Sept. 3 at 4:30 pm.

We look forward to having an approved agreement and a successful start to the 2013 school year.