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With the announcement that Colin Edwards would be unable to attend and race the Valencian GP because of injuries he sustained during the tragic incident that killed Marco Simoncelli, Monster Yamaha Tech 3 said earlier today that it was looking into a replacement rider for the last MotoGP round. With speculation swirling after Tech 3’s announcement, Asphalt & Rubber has now been able to confirm that AMA Superbike Champion Josh Hayes will be the Texas Tornardo’s replacement at Valencia.

Monster Yamaha Tech 3 Team rider Colin Edwards will miss the 2011 MotoGP Championship’s final round in Valencia next weekend, as the 37-year-old Texan will require surgery on his left arm after the tragic three-rider incident at the Malaysian GP that ended the life of Marco Simoncelli. Edwards was assessed by orthopedic specialist Dr. Henry Small at the University General Hospital in Houston on Wednesday, and it was confirmed that the veteran MotoGP rider has multiple small fractures to the top of his left humerus bone, as well as damage to the cartilage around the tip of the humerus bone.

Also suffering severe bruising and swelling to both wrists as well as his right heel in the accident, Edwards was fortunate not to sustain any additional fractures in these areas. Scheduled to undergo surgery on Tuesday next week, the required four-week recovery period will preclude Edwards from competing in the Valenican GP, and Monster Yamaha Tech 3 is currently considering a replacement rider for the Texas Tornado. With 2011 the last season Edwards was to race with Tech 3, this end to the season is certainly not how either party wanted to end their relationship together.

The CRT rumors continue to swell around Colin Edwards, as the American rider is now being linked to the Italian NGM Forward Racing team for the 2012 MotoGP racing season. Slated to make an announcement at Misano about his future, Edwards has made no secret to the fact that he’s intrigued with the CRT’s possibilities. “I think there’ll be tracks where it’s going to surprise some people,” said Edwards to Asphalt & Rubber while talking about the CRT formula’s potential.

While Edwards also went on to say that “there will be tracks I think where a CRT bike will get its doors blown off,” the two-time World Superbike Champion concluded his thoughts on the subject saying that an R1 motor in a custom chassis would be a lethal combo. “For me, the weapon of choice if you were going to go CRT would be that. 100%.”

Such a Yamaha-derived solution would have likely come from Edwards’ current team: Monster Yamaha Tech 3, which has had a healthy relationship with Yamaha over the years, and also has a strong history of being the top satellite effort in MotoGP. Talking to Guy Coulon, Edwards’s crew chief at Tech 3, A&R has learned that at the very least Tech 3 has explored the idea of a CRT bike with an R1 motor at one point. Coulon briefly outlined to us that he had all the necessary schematics and specifications, based in-part from his Moto2 chassis design, to build a prototype frame for the production motor, but just needed word from on-high to undertake such a project.