Brownlow Medal runner-up Simon Black is poised to receive a double dose of consolation this weekend with a new Lions contract and a fourth Merrett-Murray Medal.

The Brisbane co-captain is a red-hot favourite to win the Lions' best-and-fairest award for the fourth time when the club champion dinner is held on Saturday night.

Black enjoyed a wonderful season for the Lions, who seemed set to make their first finals series in four years before crashing to 10th with seven losses in the last nine rounds.

The 2002 Brownlow Medallist led the league's best-and-fairest count until the penultimate round before eventual winner Adam Cooney snuck ahead by a point.

His form ensured new coach Michael Voss would renew his contract in one of his first acts as successor to Leigh Matthews.

Black has virtually agreed to all terms with the club and the contract, rumoured to be for two years, is expected to be signed as early as Saturday.

"I think we're pretty confident it will all happen (this weekend)," said Peter Blucher of Velocity Sports, Black's management group.

Blucher indicated Lions football manager Graeme Allan's attendance at the AFL draft camp in Canberra this week had prevented it from being signed off.

A victory at the club's presentation night - following Merrett-Murray medals in 2001, 2002 and 2006 - will put Black just one behind Voss's club record of five best-and-fairest awards.

The star midfielder has already had a big week after opening his second Bank of Queensland owner-manager branch on the Gold Coast on Tuesday.

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