The New York Giants have told running back Brandon Jacobs that he will be released, a league source told NFL Network insider Jason La Canfora on Friday.
Jacobs asked for and received his release from the team after the sides could not agree to a salary reduction, a source with knowledge of the situation told NFL.com's Steve Wyche.
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Jacobs was willing to play for less than the $4.4 million he was scheduled to earn next season, the source said. There were no real negotiations on a number as the Giants wanted Jacobs at a certain price that he refused to accept, the source said.
He was also scheduled to receive a $500,000 roster bonus this month.
"Brandon has truly been a great Giant," general manager Jerry Reese said. "These times are always very hard for me. We had a very good conversation today. We don't know what the future holds for Brandon, but we wish only the very best for him and his family."