Penrith has reportedly pulled off a large double-signing coup with celebrity Nathan Cleary agreeing to a staggering new contract.
The Penrith Panthers have reportedly pulled off a monster double-signing coup which can hold Nathan Cleary on the membership till the top of the 2027 season.
The star halfback is reported to have prolonged his contract concurrently his dad Ivan has additionally signed a long-term extension via to the top of 2027.
The Panthers have scheduled a “major club announcement” for Wednesday the place the offers are set to be formally confirmed.
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The 24-year-old NSW State of Origin star’s new deal is reportedly price $1.1 million per-season — $5.5 million over 5 years.
Coach Ivan Cleary has additionally reportedly been given a large pay rise and also will earn greater than $1 million per-season, in keeping with The Sydney Morning Herald.
It means the double-deals will price the Panthers round $11 million.
Nathan’s deal is prone to be price greater than the usual $1.1 million per-year worth with a clause in his contract rising his wage depending on the wage cap and the sport’s 2023-2027 collective bargaining settlement.
The premiership-winning playmaker was already signed via to the top of the 2024 season, however the Panthers have nonetheless determined to increase the contract to maintain the pair collectively.
Ivan, who’s now set to grow to be one of many highest-paid coaches within the NRL, had yet another season to run on the present five-year deal he signed when leaving the Wests Tigers.
Fox League’s NRL 360 co-host Paul Kent stated on Tuesday evening the signings give Penrith nice stability.
The Daily Telegraph’s Paul Crawley stated: “He’s already at the peak of his powers and he’s only 24. So he could have a decade more football. You’ve just locked your club in for success for as long as he’s there”.
The father-son contracts had been within the works final month with stories indicating the pair had been able to signal their long-term futures away with the Panthers.
Panthers CEO Brian Fletcher stated final month the extensions had the assist of the board.
“Why wouldn’t we want them both at the club long term?,” Fletcher stated.
“The board is unanimous in keeping them as a pair as long as we possibly can.
“They are a huge part of Panthers, and we’re doing what we can to make sure that continues. There’s not much more I can say.”