I don't care how many teams are covering the Newcastle-Sydney-Wollongong coastal corridor, the Bears are ready to go, and they should never have been kicked out in the first place. It is a disgrace that the NRL refused to back the only team in Sydney prepared to bite the bullet and move, for their own good and the good of the game. It was also a disgrace the way the Reds were sacrificed for Ribot's baby in Melbourne.
While the Reds and Bears are settling in, the NRL needs to formulate a formal long-term plan, consisting of a combination of incentives for Sydney teams to follow the Bears lead and relocate (long term support from the league rather than one-off cash bonuses would be preferable), and a formal bidding process for a new round of expansion. The target areas to be filled would be Adelaide, a second New Zealand team, and at least two more teams in Queensland. Indicate where you want the teams to go, then invite bids, and allow multiple bids for the same region. Make it a formal, planned process rather than the current bug-the-NRL-until-they-relent process.