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Alex Rodriguez, Jennifer Lopez Officially End Engagement: We're 'Better as Friends'

Former American League MVP Alex Rodriguez and media mogul Jennifer Lopez have officially ended their relationship.

The pair announced the decision in a joint statement to NBC's TODAY:

"We have realized we are better as friends and look forward to remaining so. We will continue to work together and support each other on our shared businesses and projects. We wish the best for each other and one another’s children. Out of respect for them, the only other comment we have to say is thank you to everyone who has sent kind words and support.