In an exclusive joint statement to TODAY, Jennifer Lopez and Alex Rodriguez reveal they have called off their engagement and are going their separate ways. “We have realized we are better as friends and look forward to remaining so,” their statement reads, in part. Sheinelle Jones reports for TODAY. » Watch TODAY All Day: www.youtube.com/today » Subscribe to TODAY: on.today.com/SubscribeToTODAY » Watch the latest from TODAY: bit.ly/LatestTODAY About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: on.today.com/ReadTODAY Find TODAY on Facebook: on.today.com/LikeTODAY Follow TODAY on Twitter: on.today.com/FollowTODAY Follow TODAY on Instagram: on.today.com/InstaTODAY Follow TODAY on Pinterest: on.today.com/PinTODAY #JenniferLopez #AlexRodriguez #TodayShow Jennifer Lopez And Alex Rodriguez Announce Breakup | TODAY