The inevitable has happened. The Giants and RB Brandon Jacobs have parted ways. The two parties could not come to an agreement on a salary settlement and today decided enough was enough.
From SNY Giants Insider Mike Garafolo of the Star-Ledger:
Jacobs' salary-cap number for this upcoming season was $7 million (the $4.9 million plus a $100,000 workout bonus and a $2-million prorated portion of the signing bonus). The prorated bonus stays on the cap as "dead money" but the other $5 million comes off. Combined with the $6.75 million the Giants saved in renegotiating Eli Manning's contract, they should now be under the cap in advance of the start of the league year on Tuesday....The release of Jacobs leaves the Giants with Ahmad Bradshaw, D.J. Ware, last year's seventh-round pick Da'Rel Scott and Andre Brown as running backs on the roster.Jacobs has seen the writing on the wall for some time. He has had a great run with the Giants, winning two championships and leaving a legacy that we all will look back on with reverence, not regret....
"I might be leaving, but my name will stay," said Jacobs, who has been a Giant since 2005. "The fans have been great for me. Everything has been good. A standup organization. I was very close with a lot of people in the organization. They’re all a bunch of great people. The Mara family, the Tisch family, everybody’s great. I just want to thank them for the opportunity that they’ve given me. But it’s time to move on.
We tried, couldn’t reach an agreement. It’s been great, though. I can’t say anything negative about anybody in the organization. Jerald Ingram, hands down, probably the best coach I’ve ever experienced as an athlete. He knows so much about the game and I learned a lot from him as well.”