The manager's new deal is good news for the Gunners, says the club's former goalkeeper, but only if the rigid wage structure is consigned to history.
Arsenal great David Seaman believes Arsene Wenger remains the right man for the job at Emirates Stadium but has urged the club's board to back him in the transfer market.
Wenger ended months of speculation over his future, a period marred by fan protests against his reign, by confirming a two-year contract extension on Wednesday.
The news came on the back of the Gunners' stirring 2-1 win over Premier League champions Chelsea to secure a third FA Cup in four seasons, although a late rally was unable to seal a top-four spot and Champions League football.