The news is a bit obvious, but Lin Jarvis, the Managing Director of Yamaha Motor Racing, has confirmed that the factory MotoGP squad intends to retain the services of Jorge Lorenzo, and bring Ben Spies into the squad for the 2011 season.

The news comes on the heels of Valentino Rossi’s decision to move to Ducati for next season, and has been assumed to be a done deal once Rossi’s announcement was made public. This is however the first time that anyone at Yamaha has spoken about the team structure for next year in such a direct tone, likely because of the need to keep Rossi’s departure under wraps.