Updated

Harrison, NJ (SportsNetwork.com) - Red Bull New York announced Thursday that the club has parted ways with defender Markus Holgersson.

"After speaking with Markus following the conclusion of our season and taking into account our salary cap situation, we mutually decided that it would be in everyone's interest for us to part ways. Markus indicated to us that he is ready to take on the next stage of his career and we want to thank him for his service to the New York Red Bulls," said Red Bulls Sporting Director Andy Roxburgh. "Markus, an excellent professional, has been an important part of our club and defense for the past two seasons, helping us win the Supporters' Shield in 2013, and we are very sad to lose him. We want to wish him the best of luck."

Holgersson signed with the Red Bulls in 2012 from Swedish side Helsingborgs. He was named team Defender of the Year in his debut season and went on to start 32 of New York's 34 regular season games in 2013.