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Giants to release Brandon Jacobs

Super Bowl XLVI

INDIANAPOLIS, IN - FEBRUARY 05: Brandon Jacobs #27 of the New York Giants screams as he warms up prior to playing the New England Patriots during Super Bowl XLVI at Lucas Oil Stadium on February 5, 2012 in Indianapolis, Indiana. (Photo by Al Bello/Getty Images)

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Brandon Jacobs and the Giants couldn’t reach an agreement on a new contract, and so he’s on the way out.

Mike Garafolo of the Star-Ledger reports that the Giants will release Jacobs today after the two parties couldn’t work out a new deal.

Jacobs was due a $500,000 roster bonus and a base salary of $4.4 million, and although he said he was open to taking a pay cut, he apparently wasn’t willing to take as steep a pay cut as the Giants wanted.

Jacobs, who will turn 30 in July, has played his entire seven-year career with the Giants. He had 152 carries for 571 yards and seven touchdowns last season.