The Cronulla Sharks are set to announce they have re-signed suspended coach Shane Flanagan to a new three-year deal, as well as acting Sharks captain Wade Graham.

The club is also negotiating with two prop forwards.

The key football club decisions are the first since the Sharks were fined $1 million and Flanagan was suspended for the season following a separate NRL investigation into the Sharks supplements program in 2011.

The club will also add new players and re-sign others for 2015 onwards, in coming months.

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