The deal, which includes $13 million in guarantees, came less than two days before the start of free agency.
Jacobs, the 264-pound mainstay of the Giants' running attack the past two seasons, ran for 1,089 yards and 15 touchdowns to help the Giants win the NFC East last season.
Jets: : New York restructured Laveranues Coles' contract, allowing the veteran wide receiver to become an unrestricted free agent tomorrow. Coles, 31, was heading into the final year of his contract but was looking for a long-term deal. The Jets are now off the hook for the guaranteed $6 million Coles was due next season. Coles caught 70 passes for 850 yards and seven touchdowns last season.
Buccaneers: : Eleven-time Pro Bowl linebacker Derrick Brooks was released, part of a purge of veterans to help Tampa Bay get ready for free agency. Cut along with Brooks were running back Warrick Dunn, receivers Joey Galloway and Ike Hilliard, and linebacker Cato June. All but June, 29, are well over 30 years old. Brooks, 36, and the others were apparently cut for age reasons - the Bucs already are under the $123 million salary cap.
Economy: : Commissioner Roger Goodell is taking a pay cut and the league staff has been trimmed by 15 percent because of the reeling economy, the league confirmed. The league said that its staff cut has resulted in a reduction of 169 jobs through buyouts, layoffs and other staff reductions. Goodell voluntarily took a cut of 20 percent to 25 percent from the $11 million salary and bonuses he was to receive in the 2008 fiscal year.
Patriots: : Noted orthopedic surgeon James Andrews said Tom Brady's doctors were aggressive in finding and treating the infection after his knee operation and the chances are good for a full recovery.
Saints: : Miami prosecutors dropped charges of resisting arrest and other crimes against Jonathan Vilma after the linebacker agreed to give $1,000 to a hospital trauma center and clear up outstanding tickets.
Et cetera: : Linebacker Channing Crowder signed a multiyear deal to stay with the Dolphins. ... St. Louis released quarterback Trent Green and receiver Drew Bennett. ... Carolina released receiver D.J. Hackett, backup offensive lineman Jeremy Bridges and running back Nick Goings, saving $4 million. ... Houston released defensive end Anthony Weaver and safety Will Demps, former Ravens; and defensive tackle Ephraim Salaam.