Yes Tamila, it is, but I think the new contract is only for one year and his salary has been cut by half to 6 million a year! Not that I'd complain about that!
However....Alonso's contract is for two years with a third optional and his salary with McLaren is 25.5 million, making him the highest paid driver in F1! I'd just love it if Jensen can beat him, but I won't hold my breath! I can't stand the guy, but I can't deny he's a great driver!