It is not known whether the contract contains any provisions for administrative restructuring, which the musicians had previously made a condition of a new deal, and which is also addressed in Morris's report.
At last report, musicians had been willing to accept a two-year salary freeze in order to stabilize the organization's finances, if the administrative demands were met.
Musicians will vote on the contract on March 25; the US&O board will see the agreement at a meeting March 24.
Lileana Blain-Cruz directs the new production, opening April 23.
The Cuban-born composer is this season's Debs Composer's Chair.
The cast is led by Bryonha Marie and Nathan Gunn, with Tony winner Ted Sperling at the baton.
The season, opening September 21, will include 58 ballets across 21 weeks of performances.
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