Newcastle Knights star Kalyn Ponga has penned a monster four-year $4.5 million extension with the club.

It will make Ponga one of the highest paid players in the game's history and tie him to Newcastle until at least the end of 2024.

The fullback knocked back approaches from a number of rival clubs - both in rugby league and rugby union.

The 22-year old boldly declared his main goal is to end the Knights' 19-year premiership drought.

โ€œItโ€™s no secret I want to win a comp in Newcastle, I want to hold the trophy up here,โ€ Ponga said.

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โ€œItโ€™s very exciting and a very proud moment for myself and my family.

โ€œWeโ€™re building towards something and I can definitely feel it. Itโ€™s something that I want to be a part of and Iโ€™m excited to be a part of.

โ€œThere was a lot of talk in the media about rugby union but Iโ€™ve always said Iโ€™m focused on the Knights and have been since I walked in the door.โ€

Ponga paid tribute to his family - with his father Andre negotiating the hallmark deal after splitting with former manager Wayde Rushton.

โ€œFor us as a family itโ€™s never been about the car in the garage or the brand of T-shirt that youโ€™re wearing or the expensive steak at dinner,โ€ Ponga said.

โ€œItโ€™s always been about where you are, who youโ€™re with and the memories that you can make.

โ€œIโ€™ve been very fortunate that my Mum and Dad have been there for me this whole journey even when times were tough really early on.

โ€œItโ€™s never been about the materialistic stuff for us itโ€™s always been about being together and being happy.โ€

Andre Ponga added: โ€œIโ€™m pretty proud to say weโ€™re looking after his first house. Thatโ€™s huge for us.

โ€œTo give you a reflection of how huge that is for us I said to the neighbours โ€˜Iโ€™ve actually got a shed I can go into and useโ€™.

โ€œAnd they looked at me and I said: โ€˜Weโ€™ve never had a garage or a shed for the last few yearsโ€™.

โ€œWhen people ask Iโ€™m proud to say itโ€™s (Kalynโ€™s) house. He might say itโ€™s ours but itโ€™s not, itโ€™s his.

โ€œThatโ€™s one goal we set when he was a 14 year old.โ€