Jacobs was released by the Giants earlier this year after he could not strike a deal to stay with team.
Jacobs (6-foot-4, 264 pounds) is a seven-year veteran who had 571 yards (3.8-yard average) and seven touchdowns last season as the Giants' No. 2 running back behind Ahmad Bradshaw in the regular season.
Jacobs agreed to a one-year deal for a maximum of more than $2 million if he tops out his incentives, the New York Daily News reported. The Giants released Jacobs this month, rather than pay him $4.9 million, including a $500,000 roster bonus.
Giants coach Tom Coughlin told reporters today that he would be open to Jacobs returning, but he no longer has that option. The Giants backfield currently consists of Ahmad Bradshaw, Danny Ware and Da'Rel Scott at RB and Henry Hynoski at FB.
There has been little talk of replacing Jacobs with another big back.
....more to come