Last week the New England Patriots indicated that they would not be commenting on the Hernandez situation during an active investigation. Today they amended that position, when they announced via twitter that he has been released from the team.
While Hernandez's legal troubles are just beginning and it's unclear precisely where they'll go, the Patriots have made it clear how they feel about the entire situation, washing their hands of the TE completely.
They released a statement recognizing the loss of Lloyd's life, and ended it by saying that "they believe this is the right thing to do". This isn't really surprising, the Patriots are one of the classiest organizations in sports, and don't tend to put up with too much from players stepping out of line. Stay tuned for further updates.