Wayne Rooney signed a new 5-year deal with Manchester United today, thus ending, temporarily, the speculation of him leaving.
This does not, of course, mean Rooney is United-for-life like Ryan Giggs or Paul Scholes. Both of them are probably rather peeved at the moment. Nor does it mean that Sir Alex Ferguson is changing. He is famous for cutting ties with players who want to leave, and cutting ties quickly. He did so with van Nistelrooy and Stam, to name two. There has to be more at work here, namely Sir Alex’s affection for Rooney.
That said, nobody involved comes out smelling like roses. Rooney is now perceived as greedy. Sir Alex caved (though he may be retiring the not too distant future). United have been saddled with the “unambitious” tag. Perhaps this is a stalling tactic, and Rooney will be sold in the summer, a more agreeable time for all involved. The new contract also gives United leverage in negotiations, meaning a player exchange + money deal with Real Madrid (I read Karim Benzema, Lassana Diarra, and cash for Rooney yesterday) would still be on the table. If that happens, both Sir Alex and Rooney are craftier than portrayed at the moment.