More than 2,000 educators, who have been on strike since Monday, said they reached a tentative deal Thursday with the local school district.

Details are not yet available, but the deal includes an average 11.7 percent pay raise and annual cost of living increases, according to the school district and the Denver Classroom Teachers Association, a labor union representing more than 5,000 educators in Denver public schools. It will also include raises for school support staff. Bus drivers and cafeteria workers may also get a raise, but that’s not part of the official agreement with the teachers union.

It also addresses the teachers’ biggest concern: the need to overhaul the merit-pay system, which relies heavily on annual bonuses that fluctuate from year to year. The new system will place more emphasis on education and training when considering promotions, while keeping some bonuses in place.

Where will they find the $23 million to pay for this? The district agreed to cut back on administrative costs, and will eliminate about 150 positions in the school’s central office. Five-figure bonuses for senior school administrators will also come to an end.

5 figure bonuses for senior school administrators?

Am I the only one who thinks that America’s managerial class behaves a lot more like pillaging Vikings than they do stewards of their domains?