Contract expired Jan 1 after months of negotiations failed.
The Faculty Association reached the deal Nov. 9, nearly a week after many of its members went on strike.
$220 million in St. Louis would go farther than $254 million in LA, he suggests.
103 full-time faculty members have been working without a contract since July.
The university’s board of trustees now must ratify the agreements.
Since the lockout’s official birth on July 1, there have been a multitude of NBA player-hosted charity basketball games of all sizes.
Two sides have reached verbal agreement on many of the once-thorny contract issues.
SIUC Faculty Association remain on the picket lines.
It was not immediately clear how many members of the Faculty Association union participated in the walkout. That union represents roughly 650 employees.
The deal doesn’t include wage increases for workers hired more than six years ago.