Broadway musicians canceled a strike vote Saturday after reaching a tentative deal with theaters and producers on the Great White Way.

The proposal calls for wage increases of more than 21 percent over five years, said Judy West, a spokeswoman for the American Federation of Musicians Local 802.The union, which represents 11,000 musicians - 450 of them on Broadway - had been demanding a 12 percent pay increase over three years.

Under the old contract, which expired Monday, the musicians earned about $1,300 per week, including benefits.

The union was scheduled to meet again Tuesday with the League of American Theaters and Producers, which represents 35 of Broadway's 37 theaters.

Twenty theaters currently have musical productions, all of which would be affected by a strike, West said. However, some shows such as "Cats" and "Phantom of the Opera," could resort to computerized soundtracks if musicians walk out.

A strike would have been the union's first since October 1975, when 12 musicals were quieted for 25 days.

The two theaters not represented by the league are the Disney-owned New Amsterdam, and The Ford Center for the Performing Arts, which is owned by Live Entertainment. The theaters are showing "The Lion King," and "Ragtime," respectively, two of the biggest hits.