Ferrari announced during the first practice day of this weekend's Monza GP that Kimi Raikkonen's contract has been extended by one year. This mean's he's locked into service with the scuderia until the end of 2010, which is the same time Felipe Massa's contract runs out. Terms of the extension weren't disclosed, but the fact that Ferrari re-signed the Iceman means they aren't nearly as worried about his recent form as the rest of the paddock appears to be. It also means that Fernando Alonso can now decide where he wants to go for at least two years and get the silly season officially over with.

[Source: F1 Live]