Unable to reach an agreement on a new salary and structure for the future, the Giants will cut Brandon Jacobs today, the team and his agent confirmed.
The move was seemingly inevitable as Jacobs, who had become a backup running back, was due to earn $4.9 million in 2012 including a $500,000 roster bonus due later this month. In recent weeks, however, Jacobs oscillated between saying he wouldn’t mind playing for the Jets, saying he expected to be back, saying he would take a pay cut to come back, and ultimately saying that he would not “sell my soul” to return. He took a pay cut in 2011 to make room for the team to re-sign his good friend Ahmad Bradshaw.
Jacobs said during the week in Indianapolis last month that if the Super Bowl was his last game, he hoped to go out “with a bang.” It turned out the win over the Patriots was, in fact, the last time he will wear a Giants uniform.
Jacobs will become a free agent immediately and free to sign with any team before the start of free agency on Tuesday.
In seven years with the Giants, Jacobs ran for 4,849 yards and a franchise-record 56 rushing touchdowns on 1,078 carries. He had two 1,000-yard seasons, in 2007 and 2008, but in 2011 he ran for only 571 yards on 152 carries. For the last two seasons he was relegated to a back-up role behind Bradshaw, a position he sometimes struggled to come to grips with and other times seemed content with.