The Last Of The Holdouts Signs: Lorenzo Inks Two-Year Deal With Yamaha

If there is one word to describe Jorge Lorenzo's renewal of his contract with Yamaha, it is surely inevitable. But inevitable or not, it certainly took a very long time to settle, as the official announcement that the Spaniard - and MotoGP champion-nearly-elect - had signed a new two-year deal with Yamaha only came today, in early October, just over a month before the 2010 season ends.

Despite not having anywhere else to go - nor even particularly wanting to go anywhere else - Lorenzo held out on a new contract for a long time. Paddock rumor suggested that Lorenzo was trying to squeeze the very last few Yen out of Yamaha's salary budget, but despite earning a reputed 8 million euro under the new deal, the devil was more likely in the detail of control over development and position in the team. With the formula reverting back to 1000cc in 2012, Lorenzo went for a two-year deal, allowing the Spaniard to help steer the development of Yamaha's new liter contender from a very early stage.

But Lorenzo's two-year deal sets up another repeat of this year's silly season for 2012. Valentino Rossi and Dani Pedrosa have also signed two-year contracts with their respective employers Ducati and Honda, and all three will once again be out of contract at the same time. The difference in 2012 is that Valentino Rossi is less likely to be interested in moving after just two years at Ducati, and Pedrosa seems an ever firmer fixture in the arms of Honda with each passing year.

Below is the text of the press release officially announcing Lorenzo's new contract with Yamaha:


Yamaha Factory Racing Team Press Release
Motegi, Japan
Saturday, 2nd October 2010

YAMAHA CONFIRMS LORENZO FOR TWO MORE YEARS

Yamaha Motor Co. Ltd is delighted to announce that it has reached an agreement with Jorge Lorenzo whereby the Spaniard will remain with the factory for the next two years.

23-year-old Lorenzo, who joined Yamaha in 2008, has won an impressive seven races so far this season and is on target to take his first premier-class crown. He currently leads the standings by 56 points with five rounds remaining.

Managing Director of Yamaha Motor Racing Lin Jarvis said, "we are extremely happy that we have reached an agreement with Jorge to remain a Factory Yamaha rider for 2011 and 2012. Since he joined three years ago he has made great progress and has improved himself every year to go from fourth place and ‘best rookie' in 2008, to second place in 2009, to challenging for the MotoGP championship title in 2010. I am particularly pleased to finally get the agreement in place here in Japan because it will now enable Jorge to focus all of his efforts and concentration in the coming weeks to try to secure his first MotoGP class rider's title. Being only 23 years old I believe Jorge has a long career ahead of him and hopefully he can win many world titles with Yamaha.

"Jorge will be joined by Ben Spies in the Factory Team next year and with these two exceptionally talented hungry young riders we will start the 2011 season with the most exciting and competitive team in the paddock."

Lorenzo added, "my first choice was always to stay here with Yamaha and I am very glad that this will happen. I feel happy here; I have good people around me, a strong relationship with Yamaha and a great bike. I want to say thanks again to Lin Jarvis, who has always supported me. Now we are focused on winning the championship but I am already excited about next season. I know that Ben and I can do a great job for Yamaha and I want to thank them for their belief in me."

If there is one word to describe Jorge Lorenzo's renewal of his contract with Yamaha, it is surely inevitable. But inevitable or not, it certainly took a very long time to settle, as the official announcement that the Spaniard - and MotoGP champion-nearly-elect - had signed a new two-year deal with Yamaha only came today, in early October, just over a month before the 2010 season ends.Despite not having anywhere else to go - nor even particularly wanting to go anywhere else - Lorenzo held out on a new contract for a long time. Paddock rumor suggested that Lorenzo was trying to squeeze the very last few Yen out of Yamaha's salary budget, but despite earning a reputed 8 million euro under the new deal, the devil was more likely in the detail of control over development and position in the team. With the formula reverting back to 1000cc in 2012, Lorenzo went for a two-year deal, allowing the Spaniard to help steer the development of Yamaha's new liter contender from a very early stage.

Comments

Excellent!

I think this is a fantastic team and look forward to seeing the results of their combinded efforts with the new bike.

Total votes: 21

Ducati

Have to agree with Browndog.Excellent pairing,George and Ben.Very different personalities,but equally determined and brilliant riders's.Yamaha and HRC are in great shape.Ducati...definitely not so.

Total votes: 17

Not sure I follow?

>>Ducati...definitely not so.

Rossi seems pretty good to me.......some say the greatest of all time... how is this not good for Ducati?

Total votes: 21

Not to Speak for Browndog.

But I believe he is referring to the overall roster strength of the two teams he named. HRC with Pedrosa, Stoner, and Dovi and Yamaha with Ben and Jorge. Rossi is Rossi of course, but as much as I like Nicky he just isn't getting the same level of credibility (perhaps unfairly?)as the rest of the people named here. His last outing in Spain may have changed a few opinions though. So there may be a perception that Ducati is a one horse team. I hope Nicky proves them wrong though.

P.S. What I wouldn't give to be able to count Suzuki in this discussion! Something must change there.

Total votes: 22

sadly we'll forget Hayden's

sadly we'll forget Hayden's heroics from aragon in about 11hrs. I'm guessing 10th is best he can hope for (minus retirements)

regardless of Nicky's results, i think it's a good pairing and advantageous for Ducati.

oh Lorenzo signing... forgot about that (: i would love to know if he got what he wanted. i mean at this point, where was his bargaining power? anyone seriously thinking he'd consider leaving Yamaha at this point in the [silly] season??

Total votes: 23

Don't show me the money...

Just my opinion but my guess is that money wasn't the problem but that Jorge wanted assurance that he would get the first and best of new upgrades next year, but Yamaha wanted he and Spies to get equal treatment.

They know that if they don't treat Spies well next year that he may consider going somewhere else in 2012.

I hope that Jorge and Ben get equal treatment. May the best man win.

Total votes: 16

totally agree it was not

totally agree it was not about money this late in the game... nevertheless - what bargaining power did Jorge have left at this point? my guess is it was signing for 2 years instead of one. Yamaha would not want to lose him in 2012 when everything is going to flip.

Total votes: 21

You Said It...

"I hope that Jorge and Ben get equal treatment. May the best man win."

You said it.

To be honest if there does develop a "rift" in the factory Yamaha team I know who isn't going to start it. After being paired with an @sshole like Mladin, (I say that with love btw, he's as aggressive of a competitor as they come), everyone else is seems like a pussycat by comparison.

With respect to "control over development and position in the team".

So yeah... Results speak for themselves and I hope Lin Jarvis realizes that and takes that to heart.

Before any sort of childish "preferential treatment" like behavior begins, I sincerely hope that Yamaha Corporate recalls that guy in his rookie year who basically grabbed their WSBK team, (you know the one that sells bikes to the road going public), by the scruff of the neck, incompetencies and all, threw them on his back and dragged them screaming and battered over the finish line in Portomao to their first championship.

Here's hoping BOTH riders get a fair, equitable, and even shake of it. Here's an even crazier and wacky thought!, Here's hoping they'll both behave as (dare I say it) Teammates and support one another in their successes and lift up one another in their struggles.

Btw David, OTT's latest interview with Spies is available for viewing now. Pretty insightful and definitely a worthwhile watch.

Part 1
Part 2

Cheers!

Total votes: 23

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