This weekend's grand final between the Penrith Panthers and Parramatta Eels has all the makings of a classic encounter.

A local rivalry, 'the battle of the west,' a 36-year premiership drought on one end and the continuation of what may become one of the great rugby league dynasties on the other.

The premiers may be the favourites but the underdogs are far from ranked outsiders.

If both sides play their best football on the night it could be one of the all-time classics played in the first week of October.

With that in mind, let's set the criteria for what constitutes a great grand final as we review the five best the last decade has had to offer.

3. Melbourne Storm vs Cronulla Sharks - 2016

"You can turn the light out now."

Those were the words of legendary commentator Ray Warren as the Sharks celebrated their maiden premiership.

A premiership nearly 50 years in the making.

Parramatta may be experiencing a significant spell since their 1986 grand final win, but Cronulla, a club that entered the competition in 1967 had never won one.

They had made it to the big dance three times in 1973, 1978 and 1997 but had never claimed the league's greatest prize.

To do so in 2016 would require them to beat the minor premiers in the Melbourne Storm.

What followed was a tight contest in which both sides would give away very little by way of points.

A tight first half would see Melbourne kept scoreless (8 - 0) with the sole try coming through Ben Barba off a clever blindside scrum-based play.

The Storm's duck egg would be broken by Jesse Bromwich in the second 40, running off a crash play from Cameron Smith.

Melbourne would then turn a scoreless start into a 4-point advantage when Will Chambers found a chink in the armour in the 63rd minute.

The try was converted by Cameron Smith for the Storm to hold a flimsy 12 - 8 lead.

As the game pulled into its final 12 minutes it was the other number 9, the retiring Michael Ennis that would find a rampaging Andrew Fifita close to the line.

In the end, four purple jerseys were not enough to stop the determined front rower from crocodile rolling out of the tackle and planting the ball under the sticks.

In the end, both teams played to the final whistle with Melbourne fiercely searching for the points necessary to restore their lead.

The Sharks would find a way, however, and there would be jubilation in the Shire when Melbourne winger Marika Korobiete was wrapped up in a tackle to the soundtrack of the full-time siren.

SYDNEY, AUSTRALIA - OCTOBER 02: The Sharks celebrate with the Premiership Trophy after winning the 2016 NRL Grand Final match between the Cronulla Sharks and the Melbourne Storm at ANZ Stadium on October 2, 2016 in Sydney, Australia. (Photo by Mark Kolbe/Getty Images)