OFFICIAL: Fernando Alonso Signs Three-Year Contract With Scuderia FerrariS

Fernando Alonso, Renault’s two-time world champion will officially replace Kimi Räikkönen and will make him $28–37 million a year.

Felipe Massa, still recuperating from his head injury sustained at the Hungarian Grand Prix, will remain with Ferrari as Alonso’s teammate.

Giancarlo Fisichella, who joined Ferrari after a surprising second place finish for Force India at the Belgian Grand Prix, will remain for 2010 as the team’s reserve driver.

Räikkönen is rumored to return to his former team McLaren, where he will surely have a jolly time with Lewis Hamilton. You can just picture the Ice Cream Man being two driver to last year’s champion—well, to anybody.

Source: BBC, Photo Credit: Clive Mason/Getty Images