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If approved, the proposed deal will be put before the membership of the actors union for ratification, the statement said.
SAG members have been working without a formal contract after the two sides failed to agree a new deal which would have replaced a previous agreement that expired on June 30 last year.
Multiple attempts to broker a new deal -- including failed talks in February -- have foundered since then. SAG had been seeking greater royalties from sales and showings of work screened on the Internet.
The possibility of a potentially devastating actors' walkout was raised in December, when hardline union leaders announced that a ballot of members would be held to seek authorization for a strike.
However that announcement was met with anger by moderates within SAG, with Tom Hanks, George Clooney, Robert Redford and Russell Crowe amongst dozens of high-profile names to state their opposition to a possible strike.
The moderate backlash led to SAG's lead negotiator Doug Allen being forced out, raising hopes that the new bargaining team could seal a deal.
Any strike by actors could have plunged the entertainment industry into chaos and led to huge losses.
Last year a 100-day walkout by screenwriters created havoc and up to two billion dollars in losses according to some estimates.
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SAG members have been working without a formal contract after the two sides failed to agree a new deal which would have replaced a previous agreement that expired on June 30 last year.
Multiple attempts to broker a new deal -- including failed talks in February -- have foundered since then. SAG had been seeking greater royalties from sales and showings of work screened on the Internet.
The possibility of a potentially devastating actors' walkout was raised in December, when hardline union leaders announced that a ballot of members would be held to seek authorization for a strike.
However that announcement was met with anger by moderates within SAG, with Tom Hanks, George Clooney, Robert Redford and Russell Crowe amongst dozens of high-profile names to state their opposition to a possible strike.
The moderate backlash led to SAG's lead negotiator Doug Allen being forced out, raising hopes that the new bargaining team could seal a deal.
Any strike by actors could have plunged the entertainment industry into chaos and led to huge losses.
Last year a 100-day walkout by screenwriters created havoc and up to two billion dollars in losses according to some estimates.
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