All the conjecture can finally be put aside, as Yamaha has finally pulled back the curtain on its rumored third variant of the current YZF-R1 – we simply know it as the 2016 Yamaha YZF-R1S.

As was rumored, the Yamaha YZF-R1S sits below what we used to call the “base model” R1, offering an even more affordable option for riders who couldn’t quite afford the current R1’s hefty $16,490 price tag.

Yamaha made no qualms about saying that the current YZF-R1 was a track bike first, a street bike second. Now replacing some of the more exotic parts on the R1, the R1S keeps much of the R1’s track-oriented DNA, but offers it in a more paltry $14,990 price tag, on a bike that is directed at more price-conscious street riders.

The end result is a machine that loses many of its magnesium parts for aluminum ones (oil pan, engine covers, wheels), as well as its titanium ones for steel ones (connecting rods and exhaust headers), which cause the YZF-R1S to gain 9 lbs over the YZF-R1.

Furthering the watering-down trend, the Yamaha R1S loses some power too, thanks in part to the steel con-rods, as well as a revised valve design.