DEAL ACCEPTED: Penrith Panthers co-captain Nathan Cleary signs a 4-year contract with the Dolphins, worth $7 Million as their new….

**DEAL ACCEPTED: Penrith Panthers co-captain Nathan Cleary signs a 4-year contract with the Dolphins, worth \$7 Million as their new marquee halfback**

In a shocking twist to the 2025 NRL transfer season, Penrith Panthers co-captain and star halfback Nathan Cleary has signed a lucrative four-year deal with the Dolphins, reportedly worth \$7 million. The deal, which will see Cleary don the red and white jersey until the end of the 2029 season, makes him one of the highest-paid players in the league’s history.

The Dolphins confirmed the signing this morning, announcing Cleary as their marquee halfback and a key figure in the club’s long-term plans. Coach Wayne Bennett described the signing as “a game-changing moment” for the club.

“Nathan brings with him leadership, experience, and a winning mentality,” said Bennett. “He’s exactly the kind of player we need to take this club to the next level.”

Cleary, 27, has been a cornerstone of the Panthers’ recent dominance, including three consecutive premierships from 2021 to 2023. His departure is a massive blow to Penrith, who now face the daunting task of rebuilding without their linchpin.

“It’s a bittersweet moment,” Cleary said in a statement. “Penrith will always be home, but I’m excited for this new chapter with the Dolphins. It’s a fresh challenge and I’m looking forward to helping build something special here.”

NRL fans and commentators alike have reacted with astonishment to the move, which was kept under wraps until the final stages of negotiation. The deal includes performance incentives and leadership roles within the Dolphins’ setup.

Cleary is expected to join preseason training with the Dolphins in November 2025. His first match in red and white is anticipated to be a blockbuster opener against his former team, the Penrith Panthers.