The New York Giants are releasing running back Brandon Jacobs, according to Mike Garafolo of NJ.com.
According to Garafolo, the Giants and Jacobs could not come to an agreement on a reduction of his 2012 salary. Jacobs, 29, was due to early $4.9 million in base salary next season.
Jacobs is the fourth-leading rusher in team history with 4,848 yards and his 56 rushing touchdowns are the most for any Giant. He has lost carries in recent years to Ahmad Bradshaw’s emergence, but was still productive in 14 games last season, rushing for 571 yards and seven touchdowns.