Scuderia Ferrari's man on top has renewed his contract for the 2007 F1 season. According to the Gazzetta dello Sport, team boss Jean Todt, was given a monetary offer that he couldn't refuse to remain with Ferrari through the end of next year.

The news of Todt's contract extension brings to light more questions about Michael Schumacher's future at the Italian mark, especially considering how instrumental Todt was in the hiring of Schumacher in 1996. Many reports suggested that if the seven-time F1 champion would leave, Jean Todt would follow. With Schumacher considering a possible contract at BMW for $100 million, Deutschland's finest may move onto greener pastures.

[Source: Speed]