Wed 7/27/11 10:48 AM

The Giants have been working to restructure Brandon Jacobs' contract since Tuesday, a source tells the Daily News. Jacobs is owed $9.5 million over the final two years of his deal. He's apparently willing to take a paycut as long as it's not a severe one. With free agent Ahmad Bradshaw looking likely to re-sign, the thunder and lightning backfield appears intact.