The 21-year-old has emerged as R360’s latest high profile target, according to the Sydney Morning Herald. FOX LEAGUE, available on Kayo Sports, is the only place to watch every game of every round in the 2025 NRL Telstra Premiership, LIVE with no ad-breaks during play. New to Kayo? Join now and get your first month for just $1. Gray is contracted with Souths until the end of 2026 but the Rabbitohs are now in a battle to retain the diminutive fullback after the bumper offer from the rebel rugby union competition.The USD$600,000 (A$920,000) offer to a player who is essentially South Sydney’s reserve fullback behind Latrell Mitchell is a massive warning shot to the NRL. Other NRL players targeted by R360 include Ryan Papenhuyzen, Roger Tuivasa-Sheck, Nelson Asofa-Solomona, Zac Lomax and Herbie Farnworth. Gray could be a genuine chance to join R360 in 2027 given he has played rugby union before during his high school years at The Southport School on the Gold Coast. Gray, who was named NRL Rookie of the Year in 2024, has scored 11 tries in 28 games for Souths. Rabbitohs coach Wayne Bennett previously told Code Sports R360 is a Super League level threat that could seriously damage the NRL. R360 has reportedly acquired the necessary funding from Saudi Arabia, the UK and United States to kick-off in 2026 with aims to be profitable by 2027. “It’s a huge threat, absolutely,” Bennett said. “The NRL is the toughest competition in the world with the best athletes. “We are absolutely under threat. We cannot ignore it. “I don’t know how we combat it but I will say this - the game needs to come together sooner rather than later in terms of the CEOs and the game itself. “Let’s talk about what the hell is going on out there. “Have the conversation we need to have with each other and discuss how do we stop it, what do we do? “They will be looking at the star players like (Nathan) Cleary, Latrell (Mitchell) or Reece Walsh, they are the ones that the fans pay their money to watch. “If we lost just 10 or 12 players like them, it will leave a massive hole in our competition. “Look at the golf. Who would have thought LIV would be a threat but it is. The amount of money they have paid, we will never be able to match them if they (R360) are serious about the amount of money they have to spend. “Where does this end for the NRL? “The game has to address this and come up with a plan. “We’d be foolish to suck our thumbs and hope to God it goes away.” Broncos great Corey Parker wrote for SEN this week: “I’m at a point now if the R360 is taking off - and it’s my belief it’s going to - we have got our heads in the sand and we’re not doing enough. “The issue Wayne flagged is the player managers. So in the R360 if someone gets signed for a million dollars the R360 pays the manager 10 per cent on top. In the NRL, if a manager is on 6 per cent, the player pays that manager.” Bennett fights to avoid career low in Bunnies nightmareGray’s departure would be another blow to the Rabbitohs, who will be desperate to beat the Titans on Sunday as Bennett aims to avoid his first ever wooden spoon. This week Bennett and the Rabbitohs gave English playmaker Lewis Dodd permission to explore his options elsewhere in the NRL or overseas, less than a year after he was recruited to play halfback. Dodd has played just six NRL games in 2025, and just 68 minutes in the No. 7 jersey, despite signing a $2 million, three-year deal and a huge injury crisis at the club. On Tuesday Bennett dropped the 23-year-old to NSW Cup, instead opting for 21-year-old Ashton Ward and Jamie Humphreys in the halves. NRL 360 host Braith Anasta gave a frank assessment of the Rabbitohs’ decision to sign Dodd, who won a Super League title and a World Club Challenge title with St Helens. “It’s one of the great recruitment blunders in NRL history,” Anasta said on Wednesday night. “I just can’t get my head around how (CEO) Blake Solly, (football manager) Mark Ellison are the ones flying to England to sign a premier half for your club without the permission of a coach. “Everything I have heard out of the Super League, from coaches, players over there and even recruitment back here, is that there’s four or five better candidates that could be better in our game over here, in the NRL,” Anasta said.“I think there’s just some accountability that needs to be taken there.”