Updated

The New York Giants released running back Brandon Jacobs on Friday.

The 29-year-old Jacobs played seven seasons for the Giants and holds the franchise record with 56 rushing touchdowns. He is also fourth in franchise history with 4,849 yards and fifth with 1,078 rushing attempts.

Jacobs carried the ball 152 times for 571 yards and seven touchdowns in 2011, a season that ended in a Super Bowl victory. The Southern Illinois product also won a Super Bowl with the team in 2007.

"Brandon has truly been a great Giant," general manager Jerry Reese said. "These times are always very hard for me. We had a very good conversation today. We don't know what the future holds for Brandon, but we wish only the very best for him and his family."

Originally a fourth-round draft choice in 2005, Jacobs has played in 100 career regular-season games (starting 48). In 11 postseason games, Jacobs has rushed for 464 yards and four touchdowns.

Jacobs rushed for 1,009 yards in 2007 despite missing five games with injuries. The following season, he had career-high totals of 1,089 yards and 15 rushing touchdowns.

"They're all great accomplishments," Jacobs said. "I might be leaving, but my name will stay. The fans have been great for me. Everything has been good. A standup organization. I was very close with a lot of people in the organization. They're all a bunch of great people. The Mara family, the Tisch family, everybody's great. I just want to thank them for the opportunity that they've given me.

"But it's time to move on. We tried, couldn't reach an agreement. It's been great, though. I can't say anything negative about anybody in the organization. (Running backs coach) Jerald Ingram, hands down, probably the best coach I've ever experienced as an athlete. He knows so much about the game and I learned a lot from him as well."