The Facts:
The Giants locked Jacobs up for at least the 2009 season by slapping the dreaded “franchise player” tag on him this afternoon. That decision guarantees Jacobs a salary of $6.621 million next season. It also gives the Giants the right to match any contract offer Jacobs receives during the free-agent signing period. And if the Giants choose not to match an offer, they would receiver two first-round draft picks as compensation from that team.
Reported by the New York Daily News
Fantasy Football Diehards Line:
GM Jerry Reese tagging Jacobs “was the right business thing to do” before the Feb. 19 deadline, and he added the Giants remain “hopeful to get a longer term deal hammer out in the near future.” In other words, using the franchise tag buys them some negotiating time. ... And even though Jacobs previously indicated his preference to avoid the tag, Jacobs, in quotes released by the team, indicated that he was “fine” with the decision and he remained “confident” that he would soon get a long-term deal.
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