The Giants will release running back Brandon Jacobs today after he and the team could not come to an agreement on a reduction in his 2012 salary, according to someone informed of the impending transaction. The person requested anonymity because the team has not yet announced the move.
Jacobs, 29, was scheduled to earn a total of $4.9 million in base salary and a roster bonus that was due later this month. The Giants met with his representatives during the NFL Scouting Combine in Indianapolis late last month and requested he hack that number down to a much more manageable figure. Jacobs resisted and, after one more failed attempt to bridge the gap today, he was informed of his impending release.