The Bulldogs schoolgirl sex scandal has cost the club a $2 million major sponsorship deal with family restaurant chain Rashays.

The Bulldogs were on the verge of announcing the two-year deal on Tuesday night, having agreed to terms with Rashays after long-time sponsor Kia left the club for the Brisbane Broncos this year.

Canterbury captain Josh Jackson, who is not involved in the scandal, appears without a sponsor on his jersey at the NRL season launch. Two other players have been suspended by the club. Credit:NRL.com

However, after the Bulldogs contacted Rashays to inform them that two players, Corey Harawira-Naera and Jayden Okunbor, had been stood down for having consensual sex with high school girls they met in Port Macquarie, the restaurant chain pulled out of the deal.

The girls were above the age of consent and there is no criminal investigation. While the players did not break the law, they did break the team's policy, which states that women aren't to be brought back to the hotel.