"Although I might disagree with what he decided, I do have respect for the commissioner and believe that he is doing what he believes is in the spirit of the best for the whole 32 [teams]," Kraft said this afternoon.
"I'm going to accept, reluctantly, what he has given to us and not continue this dialogue and rhetoric and we won't appeal," he added. "Taking this off the agenda, this is the best decision for the New England Patriots, our fans, and the NFL."
The Patriots are accused of using under-inflated balls during the AFC Championship game against the Indianapolis Colts on Jan. 18. The Patriots won 45-7, then went on to win the Super Bowl on Feb. 1 against the Seattle Seahawks.
Goodell has defended the process by which the punishments were determined.
"We reached these decisions after extensive discussion with Troy Vincent and many others," he said. "We relied on the critical importance of protecting the integrity of the game and the thoroughness and independence of the Wells report."