*Lawrence Taylor, 51, has pleaded not guilty to charges of third-degree rape and patronizing a prostitute in the third degree, police said at a Thursday afternoon news conference. [See video below.] If convicted, he could face up to five years in jail.

As previously reported, the NFL Hall of Famer was arrested early Thursday on suspicion of raping a 16-year-old. In announcing the charges, Ramapo Police Chief Peter Brower said Taylor “engaged in sexual intercourse with a child less than 17-years-old” and paid her $300.

The victim, according to authorities, had been brought to a Holiday Inn in Montebello, N.Y., by a man named Rasheed Davis, who was also arrested, according to the Associated Press. Police say the teenage victim had an eye injury but there is “no evidence [Taylor] caused [it].” Authorities also said there were no drugs in the hotel room, but a bottle of alcohol was found.

Town Supervisor Christopher St. Lawrence said Ramapo police were informed by the New York Police Department to arrest Taylor after the victim’s uncle, who had reported her missing, told New York City authorities he received a text from the girl about being driven back to the Bronx by a pimp.

The judge originally set bail at $100,000, but the judge lowered it to $75,000 after Taylor’s attorney successfully argued that the original sum was exorbitant. He was released on bond and is due back in court on June 10.