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General manager Jerry Reese said the Giants and Jacobs will continue negotiating a long-term deal. If he remains a free agent, the Giants can match any offer made by another team or allow him to sign with that team in exchange for two first-round draft picks. Jacobs, who ran for 1,089 yards for a 5.0 average and a team-leading 15 touchdowns, said all fall that he wants to remain with the Giants. Reese said the team decided on the franchise tag because of the Feb. 19 deadline to hand out that designation.
"With the deadline approaching it was the right business thing to do at this point, although we are hopeful to get a longer term deal hammered out in the near future," Reese said. "I did speak to Brandon and we had a very good conversation today."
"That is the reason I am being franchised," Jacobs said. "Buying more time to get a deal done."