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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.

Handwritten and then reproduced by Fiat-Yamaha, Valentino Rossi included an open letter with the announcement of his departure from Fiat-Yamaha to Marlboro Ducati. In his own words Rossi documents his “relationship” with the Yamaha YZR-M1, and is quick to point-out that it was Rossi’s direction and input that turned the bike into the weapon of choice in MotoGP. Reading the letter, it might be a bit strange as to why the message was included with the official press release from Yamaha, but peering between the lines some parting words can be inferred from Rossi, and perhaps greater insight into what makes a nine-time World Champion.

No it’s not Victory Day, nor Valentine’s Day, and not even the next showing of the Vagina Monologues, the countdown to V-Day in the motorcycle world is the day that Valentino Rossi announces his move to Ducati in MotoGP racing. Slated to occur at Brno during the Czech GP because of a gentlemen’s agreement, Valentino Rossi’s announcement will be the crack in the doors that opens the flood gates of other announcements. Like a line of domino’s strewn about the MotoGP paddock, Rossi’s plans for 2011 are the tipping stone that sets the rest of the paddock in motion…and we’re sure he’d have it no other way.

Just as Fiat-Yamaha will be running special race livery this weekend, Valentino Rossi had some one-off paint work done to his helmet for MotoGP’s race at Laguna Seca. For Fiat-Yamaha, the Laguna Race livery consists of the faces of 500 fans who submitted their photos to the race team, but on Rossi’s helmet you’ll find the people that help him go fast: his team.

You can also find Rossi’s dogs near the back, and while it hasn’t been confirmed…the fellow above the AGV on the front looks a lot like Ron Jeremy (whoever that is).

Photo: © 2010 Scott Jones Photography

During the rider debrief on Thursday we found Valentino Rossi looking in good form and ready for the race weekend at Laguna Seca. Noticeably better on his feet, the conversation actually turned from the Italian’s injury, and approached normalcy by centering once again on Rossi’s future.

However this time the speculation wasn’t about whether he’d ride for Ducati, but instead what Rossi would like to do after he finishes his MotoGP career. His answer? World Superbike. Read it for yourself in the Q&A after the jump.

After breaking the news that Valentino Rossi signed a two-year contract with Ducati Corse, or as we like to refer to it: the worst kept secret in the MotoGP garage, we waited to see the official news of Rossi’s departure materialize after the weekend break, but to no avail. Knowing that our information was correct, we now understand why the announcement didn’t materialize when we expected it: because of a gentleman’s agreement between Ducati & Yamaha.

In exchange for delaying the announcement until after the American round at Laguna Seca (now slated for the Monday after racing at Brno), Yamaha is allowing Rossi to test the Ducati Desmosedici GP10 when MotoGP stops at Valencia at the end of the 2010 season.

Meeting today with the Chief Medical Officer at the Sachsenring, Rossi has received word that he can participate in, and race at, the German GP. This means Rossi can turn a wheel in Friday’s practice sessions, and further assess his readiness for MotoGP racing. Should Rossi take to the Yamaha YZF-M1 by Saturday, he will have gone from injury to competition in just six weeks’ time, an incredible feat.

Although he completed 46 laps at Brno this week, Rossi still reported pain in his leg and shoulder, along with being tired from the testing sessions. With fans and MotoGP keen to see the nine-time Champion is keen to get back to racing, we can imagine there’s little that will stop Rossi from riding on Sunday, thus giving Wataru Yoshikawa a reprieve from his duties.

Valentino Rossi announced today that he is fit enough to race at the German GP this weekend. Crashing only six weeks ago, Rossi has undergone a miraculous recuperation process, which saw the Italian rider utilizing a hyperbaric chamber to expedite his body’s recovery process. After a painful testing session at Misano, Rossi looked to be in far better physical shape a couple days ago at Brno.

Riding a WSBK spec Yamaha R1 at near Superpole pace (and faster than James Toseland), Rossi looked ready for Sachsenring this weekend, but postponed his scheduled annoucement on Monday to today. Seeing now that he has the fitness to race again, Rossi hopes to ride the Fiat-Yamaha M1 once again. Howver, Rossi will first have to get the green light from the MotoGP Chief Medical Officer before he can race, but that’s more of a formality than a material concern.

After first that Rossi would make an announcement after his testing session today, Fiat-Yamaha has issued another statement saying that Rossi won’t make a decision on this weekend’s race until he arrives at Sachsenring on Wednesday. Heightening the anticipation of his return, Rossi has seemingly delayed making a decision to race, and wants to wait another two days before making it public what his intentions are for the weekend.

We assume this also means that we won’t hear an announcement from Rossi or Ducati about the 2011 season until the German GP as well. As such, Sachsenring will be an interesting round as both Rossi and Wataru Yoshikawa will have to prepare to race on Sunday, but also there will be the added fervor of the impending Rossi/Ducati announcement.