Brady, 42, confirmed that his “football journey will take place elsewhere,” bringing an end to a glorious, two-decade run in New England that included six Super Bowl titles.
MORE TOM BRADY:Why he left Pats | Bill Belichick’s reaction
Kraft was the team owner when Brady was selected with the 199th pick of the 2000 NFL Draft, and he said earlier this offseason he hoped Brady would either remain with the Patriots or retire.
But Kraft will not get his wish, having spoken with Brady on Monday and being informed of his intentions.
“Tommy initiated contact last night and came over,” Kraft explained to ESPN. “We had a positive, respectful discussion. It’s not the way I want it to end, but I want him to do what is in his best personal interest. After 20 years with us, he has earned that right. I love him like a son.”
Below is Kraft’s complete statement issued Tuesday:
Brady said he does not “know what my football future holds,” though it is thought the Buccaneers and Chargers will be among those keen to acquire the veteran quarterback in free agency.
“When Tom arrived in New England as an unheralded, sixth-round pick, no one could have imagined the fairytale story that would be written, the records that would be broken or the joy he would bring to an entire region. He leaves 20 years later as the winningest quarterback in NFL history with six Super Bowl victories, nine AFC titles and 17 division championships. He has been an exemplary teammate and leader. There simply will never be another Tom Brady. I now look forward to the day we can bring him back home to New England to celebrate his Patriots career, his endless achievements and his legacy as the greatest of all time. I love him very much.”