
The NRL landscape has been thrown into turmoil following reports that Penrith Panthers captain Nathan Cleary has agreed to a staggering three-year deal with the Canberra Raiders, allegedly worth an eye-watering $209.7 million.
If confirmed, the move would rank as the most lucrative contract in rugby league history and one of the biggest player transfers Australian sport has ever seen.
Cleary, the architect of Penrithโs modern dynasty and widely regarded as the best halfback of his generation, is reportedly set to become the Raidersโ new franchise player, signalling a bold new era in Canberra. The deal is said to include unprecedented commercial, leadership, and long-term football components designed to lure the 26-year-old away from the club where he debuted and won multiple premierships.
Sources close to the negotiations claim the Raiders have been working quietly on the blockbuster move for months, positioning Cleary as the centrepiece of a full roster rebuild aimed at immediate premiership contention.
The reported signing has sent shockwaves through the league, with fans, players, and pundits scrambling to digest the potential fallout. Penrithโs dynasty, Canberraโs ambitions, and the NRLโs salary-cap conversation would all be dramatically reshaped should the deal be officially ratified.
Neither the Panthers, Raiders, nor Clearyโs management have publicly confirmed the agreement at this stage.
More to come.

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