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New York Giants News and Notes: Brandon Jacobs, Steve Smith, Chandler Jones

Good morning, New York Giants fans! Here are your Saturday morning news and notes, including more information about the release of running back Brandon Jacobs.

Giants release Brandon Jacobs as sides are unable to reach agreement |
Someone informed of the talks between the sides said the Giants wanted to slash Jacobs’ total compensation for this upcoming season from $5 million to $1.5 million with the chance to earn more through incentives. The person, who requested anonymity because the negotiations were to remain private, said Jacobs was looking for $2 million per season in a multiyear deal.

The Giants, who were reportedly $9 million over the salary cap recently, had to get under it by the start of the league year on Tuesday. With the $5 million they’ll save on Jacobs plus the $6.75 million they got back with a renegotiation of Eli Manning’s contract, they’re under.

Steve Smith interested in return to Giants
Adam Schefter is reporting that the Giants"could turn back to" Steve Smith as a replacement for Mario Manningham in free agency. We speculated about this a while ago as part of our 'Free Agent Targets' series. Smith apparently believes the Giants "are the best fit for him."

Personally, I wouldn't mind this. The biggest question is whether or not Smith burned a bridge with the organization with his exit a season ago. The other question, of course, is what kind of player is Smith at this point? After a wasted season in Philadelphia no one can really be sure of that.

Jets should stay away from Jacobs - Jets Blog - ESPN New York
The Giants' decision to cut RB Brandon Jacobs, expected for weeks, will fuel speculation about a Jacobs-Jets marriage.

After all, the Jets need a back to replace free agent LaDainian Tomlinson. Jacobs, apparently forgetting he wanted to rip off Rex Ryan's head at the end of the Christmas Eve game, even commented recently that he'd like to play for the Jets. A desperate player will say just about anything for a job.

It says here the Jets should stay away from Jacobs, who turns 30 in July and has knee issues.

Source: Redskins to trade for No. 2 pick from Rams - NFL - Yahoo! Sports

WASHINGTON - The Washington Redskins are poised to pay a hefty price to move into position to take Robert Griffin III.

A person familiar with the trade said the Redskins have a deal in place to acquire the No. 2 pick in the NFL draft from the St. Louis Rams. Washington will give up its first- and second-round selections this year, plus first-round picks in 2013 and 2014 in the trade, which can't be completed until the new league year begins Tuesday.

Chandler Jones gets Giants' attention | Press & Sun-Bulletin |
Jones said a scout from the New York Giants showed more interest Thursday following up on his performance from the Combine and talked about the team's history in drafting pass-rushers from the Big East, referring to former South Florida standout Jason Pierre-Paul, who emerged as one of the league's leading sack totalers this season.