Giants released RB Brandon Jacobs.

The New York Daily News reports the Giants only want Brandon Jacobs back for 2012 at a "greatly" reduced salary.

The Giants reportedly met with Brandon Jacobs' representatives at the Scouting Combine, but "did not come to an immediate resolution" on his future. According to a source "informed of the discussions between the sides," the Giants are interested in retaining Jacobs for 2012, but would "prefer a much lower number" than the $4.9 million he's currently scheduled to make between salary and bonuses. Jacobs has said he's willing to take a pay-cut for the second consecutive offseason to remain in New York. With the Giants reportedly $9 million over the projected salary cap, it will likely have to be a sizable one.

Coach Tom Coughlin suggested that Brandon Jacobs will be back with the Giants in 2012. Asked about Jacobs' future, Coughlin replied, "Brandon's been an outstanding part of our team. As far as I'm concerned, he's a big part of it." Jacobs will likely return after taking a pay cut from his $4.9 million in salary and bonuses.

After speaking with his agent, Brandon Jacobs "fully expects" to be back with the Giants in 2012. "If they don't want me back then that's another story," said Jacobs, "but I got a feeling that they do. I definitely plan on being Big Blue for the 2012 season." Due a prohibitive $4.9 million in salary and bonuses, Jacobs is amenable to a pay-cut for the second consecutive offseason.

Brandon Jacobs is willing to take a pay-cut for the second straight offseason to remain with the Giants. Jacobs, who is due a $500,000 roster bonus in March and $4.4 million base salary in 2012, sees the writing on the wall after he averaged just 3.8 yards per carry in 2011. There's not a chance the G-Men will exercise his bonus, so Jacobs will have to agree to restructure in the next few weeks if he's serious about staying in New York. Any pay-cut will likely be bigger than the $1.75 million one he took last August.

Brandon Jacobs hopes to end his career as a Giant.

Brandon Jacobs rushed for 37 yards on nine carries in the Giants' Super Bowl win over the Patriots. "We decapitated them," he said after the game. "They can't wear that crown no more, baby." Jacobs, of course, didn't play a big role in "decapitating" the Patriots' dynasty, playing a change-up role behind Ahmad Bradshaw as he did for most of the postseason. Due a $500,000 March roster bonus and unwieldy $4.4 million salary in 2012, Jacobs will have to restructure his contract if he doesn't want the Giants to cut him next month.

Brandon Jacobs now believes there's a good chance he will return to the Giants in 2012. Jacobs definitely would have to accept a pay reduction from his scheduled $4.9 million in salary and bonuses, but he sounds at least willing to consider it. "I want to finish my career with this organization," said Jacobs. The Giants drafted Jacobs in the fourth round of 2005. He turns 30 next July.

Brandon Jacobs has a $500,000 roster bonus due in March. Six months shy of his 30th birthday and coming off his worst season, it's likely to be a prohibitive number for a back due $4.4 million in 2012. If released, Jacobs should draw plenty of interest as a short-yardage specialist.