The Raiders withdrew their $4.4 million offer to Hudson Young after PNG Chiefs made a $900,000 tax-free proposal.
The PNG Chiefs reportedly targeted Hudson Young with a tax-free offer of $900,000 per season as they look to strengthen their forward pack.
In response, the Canberra Raiders had tabled a four-year proposal worth $1.1 million annually, totalling $4.4 million and keeping Young in Canberra through 2031.
But on Monday afternoon, the Raiders confirmed they had withdrawn the offer and would not give him a deal.
"After discussions with members of the board and senior management, the Canberra Raiders have withdrawn their latest contract offer to Hudson Young," the statement read.