Aaron Hernandez has been arrested and charged in the murder of Odin Lloyd.

The New England Patriots subsequently released Hernandez.

The Patriots extended their sympathies to Lloyd's family in the statement announcing Hernandez's release from the team.

"A young man was murdered last week and we extend our sympathies to the family and friends who mourn his loss," the Patriots' statement said. "Words cannot express the disappointment we feel knowing that one of our players was arrested as a result of this investigation. We realize that law enforcement investigations into this matter are ongoing. We support their efforts and respect the process. At this time, we believe this transaction is simply the right thing to do."

Hernandez signed a five-year, $40 million extension with the Patriots last August.