The Canberra Raiders have signed a three year, $2 million deal with Fone Zone. The Raiders were the only team to enter this season without a major sponsor but have hit the jackpot with the deal worth almost $700,000 per year.

The deal ranks as one of the richest in Rugby League and the Raiders will be sporting the sponsors logo on their jerseys this weekend when they take on the Melbourne Storm at Olympic Park in Melbourne.

Raiders captain Simon Woolford was relieved to hear the news and said ?It's not nice when you're running out onto the field without anything on your guernsey."