One running back down, one to go for the New York Giants. Mike Garafolo is reporting that the New York Giants and Brandon Jacobs have agreed to a "small re-structure" of Jacobs' contract with the Giants.

The re-structure apparently amounst to a decrease in base salary for this season, though he could earn back that money via incentives, per Ralph Vacchiano of the Daily News.

This is good news for the Giants on several fronts. First, Jacobs is still a quality NFL back, having averaged 5.6 yards per carry a season ago. Second, this means the often moody Jacobs -- who many did not expect to return to the Giants this season -- is happy enough to be a Giant that he was willing to re-negotiate his deal. Third, it gives the team more cap flexibility to re-sign Jacobs' backfield running mate, Ahmad Bradshaw.

NOTE: Earlier in the week it was reported that the Giants and Rocky Bernard had failed to reach an agreement on a re-structured contract and that Bernard would be released. WFAN's Paul Dottino reports, however, that Bernard took his Giants physical this morning. There is some confusion as to whether or not that means Bernard will be staying with the Giants. Stay tuned on that one.