Sources have confirmed that Patriots TE Aaron Hernandez has been released.  This comes after Hernandez was taken into custody earlier today.

A statement from the Patriots on releasing Aaron Hernandez: “At this time, we believe this transaction is simply the right thing to do.”

****UPDATE*******

Here is the full statement released by the Patriots:

“A young man was murdered last week and we extend our sympathies to the family and friends who mourn his loss. 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.“

-MattyV