Giants release Brandon Jacobs

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The New York Giants have released Brandon Jacobs after the team and the running back were unable to come to terms on a restructured deal.

The team wanted to reduce Jacobs' salary to create more cap flexibility. Jacobs said he was open to the idea as long as it was fair.

But both sides could not come to an agreement, as the Newark Star-Ledger first reported. Jacobs was due a $500,000 roster bonus in March to go along with the $4.4 million he was due this season.

Jacobs, the Giants' fourth-round pick in 2005, is fourth in franchise history with 4,849 rushing yards and has a franchise-record 56 rushing touchdowns.

"It's been a great ride," Jacobs said in a statement. "It's a great organization, a standup organization. I had fun. Won two Super Bowls here. I accomplished a lot in my career as a professional athlete here. That's it. It's been a good ride. Time to move on."

The Giants now have Ahmad Bradshaw, D.J. Ware, Da'Rel Scott and Andre Brown at running back on the roster.

"Brandon has truly been a great Giant," general manager Jerry Reese said in a statement. "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."

The team recently restructured Eli Manning's contract to create nearly $7 million in cap space. The Giants may still have some other moves to make since they have 20 unrestricted free agents and would like to re-sign the likes of cornerback Terrell Thomas and middle linebacker Jonathan Goff.

"Brandon helped us win two world championships," Giants coach Tom Coughlin said in a statement. "He always did what was in the best interest of the team. No matter what you asked him to do, he performed and played in whatever role we asked him to perform. He really was a team player."
 
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