Jenson Button has revealed that his new deal with McLaren is for more than one year and that a multi-year agreement was "a must" for both him and the team.

Button was confirmed alongside Fernando Alonso for F1 2015 on Thursday morning and while McLaren did not state the length of the contract - as is usual, it is understood it is for two years with his annual salary cut from roughly 16 million Euros per year to around 10 million Euros.

"I think we [McLaren and I] both agree that more than one year is a must," Button stated.

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"This is a new project, an exciting project. To be part of the legendary partnership between McLaren and Honda is not a one year thing. I am very much looking forward to more than one year - I know we can't really talk about contract details, but it is not something I am doing just to be around for one year for.

"I am here to compete, to fight for the world championship, and whether that is in 2015 or future years, I am hopefully here for a long time."

Meanwhile, Button also added that he did consider leaving the sport given the fact he had to wait so long to sign a new deal.

"I did reflect on life outside F1 but it is nowhere near as fun as life inside from what I have seen. My heart has always been here, to race for McLaren and with Honda," he explained.

"I have had some very special times racing with Honda, and some difficult times as well, but there is a lot we can to together and achieve together which means a lot to me. It is definitely a decision that was worth waiting for, and I am very happy to be here now."