Tom Coughlin has stepped down as head coach of the New York Giants after 12 seasons.

“I met with John Mara and Steve Tisch this afternoon, and I informed them that it is in the best interest of the organization that I step down as head coach. I strongly believe the time is right for me and my family, and as I said, the Giants organization," Coughlin said in a statement released by the team.

He said it's not a sad occasion and takes pride in having led the team to three Super Bowls.

The last three seasons, however, were a disappointment: “Obviously, the past three years have not been what any of us expect, and as head coach, I accept the responsibility for those seasons."

Fox Sports 1's Mike Garaflo tweeted that Coughlin, head coach of the Giants for 12 years, is not retiring and would consider another coach opportunity, citing an unnamed source.

Earlier on Monday, following a team meeting, an emotional Eli Manning told reporters that it was the team that let Coughlin down, leading to this season's 6-10 record.

“He did a great job and he definitely has not failed. I feel we as players, we failed him by not playing to the level that we could.”

Tom Coughlin's Statement

“I met with John Mara and Steve Tisch this afternoon, and I informed them that it is in the best interest of the organization that I step down as head coach. I strongly believe the time is right for me and my family, and as I said, the Giants organization.

“It has been an honor and a privilege to serve as head coach of the New York Football Giants. This is a not a sad occasion for me. I have spent 15 years with this organization as an assistant and head coach and was fortunate to be part of three Super Bowl winning teams. A Lombardi Trophy every five years is an achievement in which we all take great pride.

“Obviously, the past three years have not been what any of us expect, and as head coach, I accept the responsibility for those seasons.

“I think it has been evident these last 12 years here how much pride I take in representing this franchise. I am gratified and proud that we were able to deliver two more Lombardi trophies to the display case in our lobby during that time. That is a tribute to our players and staff, and it was truly fulfilling to be the leader of those teams.

“I appreciate the support of John and his family and Steve and his family, and of Jerry Reese and his staff. I think our organization is a great representation of what I mean when I talk about ‘team’.

“Finally, I would be remiss if I did not thank my wife Judy and our four children and their spouses and our 11 (soon to be 12) grandchildren. None of this would have been possible without their unconditional love and support.”