Melbourne Storm

During the regular season, the Melbourne Storm won 17 of their 24 games, winning their third consecutive minor premiership on points differential from Manly and Cronulla. This was later stripped due to salary cap cheating.^[4]

In the qualifying final, Melbourne played the New Zealand Warriors. Melbourne lost this game 18-15 after a Warriors try from Michael Witt two minutes from full-time; becoming the first minor premier side since the introduction of the McIntyre finals structure in 1999 to lose to the eighth-placed team.^[5]

The loss against New Zealand saw Melbourne matched up against the Brisbane Broncos in the semi-final; the team the Storm lost against in the 2006 grand final. They narrowly won the game 16-14 after scoring a try 45 seconds before full-time, after a Broncos' handling mistake.^[6]

Melbourne captain Cameron Smith was controversially suspended for a grapple tackle during the Broncos game; the two-week suspension causing him to miss the rest of the finals season.^[7] Despite this suspension, Melbourne defeated the Cronulla-Sutherland Sharks 28-0 in the preliminary final, and entered their third consecutive grand final.^[8]

Manly Warringah Sea Eagles

Manly also won 17 of their 24 games but lost the minor premiership to Melbourne on points differential, Melbourne having a 302 points difference compared to Manly's 290. Halfback Matt Orford was presented with the Dally M Award for his performance during the regular season, while fullback Brett Stewart was the league's top tryscorer with 19 tries.

In the first finals round, Manly defeated the St. George Illawarra Dragons 38-6. Manly then faced New Zealand in the preliminary final, beating them 32-6 to advance to their second grand final in a row, and their 17th overall (excluding the 1978 grand final replay).

First half

The grand final's first quarter was played end to end with each side able to hold the other's attacking opportunities out. In the twenty-fourth minute Manly hooker Matt Ballin at close-range ran from dummy-half and crashed over the try-line. After the video referee ruled the grounding successful, Matt Orford's conversion attempt hit the upright and missed so the score remained 4 - 0 with fifteen minutes of the first half remaining. Nine minutes later, Manly-Warringah were again on the attack and from ten metres out, moved the ball through the hands to the left wing where Michael Robertson dived over in the corner. The video referee was again called upon to examine the try, which was ruled to have been successfully scored just as Robertson's feet were being dragged onto the sideline by a defender. Orford's difficult kick went wide, so Manly's lead remained at 8-0 with under five minutes of the half remaining which were played out with no further points scored.

Second half

In the forty-seventh minute, The Manly side were within twenty metres of Melbourne's try-line when Matt Orford at first receiver put a grubber kick into the left corner which bounced up perfectly for Michael Robertson racing through on the wing to grab and dive over for his second try. Kicking duty was handed to Steve Matai who coolly converted Robertson's try from next to the sideline, bringing his side's lead to 14 - 0. Three minutes later, and from a similar attacking position, Manly-Warringah kept the ball alive, a pass from Brett Stewart fifteen metres out arriving at the feet of Steve Matai who, with only one defender before him, picked it up and passed to Michael Robertson to dive over again in the same corner. Matai's second sideline conversion attempt missed, so Manly were leading 18 - 0. In the fifty-seventh minute Manly-Warringah were again down in Melbourne's half and on the last tackle decided to run the ball, which was kept alive and passed through seven sets of hands before going to a charging Brent Kite who stretched out of the tackle and slammed the ball down under the posts.^[9] Matai kicked the easy conversion and it was Manly 24, Melbourne 0. Ten minutes later the Manly side got another try when, from within Melbourne's ten-metre line, they moved the ball out to David Williams on the right wing to dive over in the corner. The conversion attempt by Matai went wide so Manly were leading 28-0. In the seventy-second minute the Manly side ran the ball down toward the left corner with Robertson passing back in to Steve Menzies, who was playing in his 349th and final NRL match to crash over for a try, his 180th. Jamie Lyon took over the goal kicking and converted Menzies' try to give Manly a 34 - 0 lead. However, the finale was to come at the seventy-five-minute mark when from their forty-metre line, Manly second rower Glenn Hall burst into open space, passing back inside for Brett Stewart who was running through in support. Stewart was chased down just short of the try-line by Storm halfback Cooper Cronk, but he managed to flick the ball back without looking into the arms of Steven Bell to also get a try in his last game at the club. Jamie Lyon's simple conversion put the final score at 40 -0.

It was at the time the fourth-biggest loss in the Melbourne club's history.

The Manly Warringah Sea Eagles defeated the Melbourne Storm 40-0, scoring eight tries, four of which were converted. This is the highest Rugby League Grand Final margin in Australian history, eclipsing the 1975 NSWRFL season's Grand Final where Eastern Suburbs defeated St. George, 38–0 at the Sydney Cricket Ground.^[10] It is also the first time that a team has been kept scoreless in a Grand Final since the 1978 NSWRL Grand Final Replay, where Cronulla lost to Manly 16–0.^[10] Manly forward Brent Kite was named man-of-the-match and received the Clive Churchill Medal.^[11]

The 2008 Grand Final was the last match for Super League-bound Steve Menzies of Manly.^[10] Playing in this match brought his career games played to 349, equalling the current record from Terry Lamb.^[10]

Statistics

40	Manly Warringah Sea Eagles
Tries	3 Michael Robertson (33', 47', 55') 1 Matt Ballin (23') 1 Brent Kite (58') 1 David Williams (67') 1 Steve Menzies (73') 1 Steven Bell (75')
Goals	0/2 Matt Orford 2/2 Jamie Lyon 2/4 Steve Matai
Field Goals
0	Melbourne Storm
Tries
Goals
Field Goals

Timeline

23rd Minute: Manly 4–0 (Ballin try)
33rd Minute: Manly 8–0 (Robertson try)
47th Minute: Manly 14–0 (Robertson try; Matai goal)
51st Minute: Manly 18–0 (Robertson try)
58th Minute: Manly 24–0 (Kite try; Matai goal)
67th Minute: Manly 28–0 (Williams try)
72nd Minute: Manly 34–0 (Menzies try; Lyon goal)
75th Minute: Manly 40–0 (Bell try; Lyon goal)

	Manly Sea Eagles	Melbourne Storm
Tackles	279	319
Linebreaks	8	2
Hitups	78	65
Offloads	8	6
Missed Tackles	44	34
Errors	9	11
Dummy-Half Runs	17	20
Kicks in Play	22	18
Metres Gained	1610	1148
Shots at Goal	4/8	0/0
Scrums	8	5
Penalties	5	4
Possession	63%	37%