In 2004, his sophomore season, Jacobs set the record for the best touchdown-to-interception ratio in NCAA Division I-A history. In 2005, Jacobs was expected to contend for the Heisman Trophy, awarded to the year's best college football player, but an injury to his non-throwing shoulder considerably reduced his productivity. Jacobs skipped his senior season at Bowling Green to enter the NFL draft. Jacobs left Bowling Green State University as the school's all-time leader in touchdown passes and third in career passing yards.
2003: 19/28 for 345 yards with 4 touchdowns vs no interceptions. 18 carries for 89 yards and 2 touchdowns.
2004: 309/462 for 4,002 yards with 41 touchdowns vs 4 interceptions. 95 carries for 300 yards and 4 touchdowns.
2005: 195/321 for 2,591 yards with 25 touchdowns vs 7 interceptions. 40 carries for 62 yards and 1 touchdown.
He was selected in the fifth round of the 2006 NFL Draft, with the 164th overall pick, by the Pittsburgh Steelers. At the end of the preseason, he was sent to the practice squad. Jacobs was released from the practice squad and cut from the team following training camp.
Philadelphia Eagles
On November 21, 2006, he was signed to the Philadelphia Eagles practice squad and cut on January 3, 2007.
Kansas City Chiefs
On February 12, 2007, he was signed to the Kansas City Chiefs and allocated to NFL Europe where he was to play for the Berlin Thunder. However, prior to the start of the season, Jacobs was injured and spent the entire preseason on injured reserve. He was cut by the Chiefs on September 2.
Florence Phantoms
Before the Florence Phantoms 2008 season, Jacobs was signed to the roster where he would be the starting quarterback. Jacobs completed 208-362 passes for over 3,000 yards with 56 touchdowns and 12 interceptions to lead the Phantoms to their first ever AIFA Championship Bowl win. He also earned AIFA Championship Bowl II MVP, AIFA League MVP Award and All-AIFA honors. Jacobs had planned to move to the Arena Football League to play for the Tampa Bay Storm for the 2009 season, but when the AFL was canceled, he returned to Florence.
On December 3, 2009, Jacobs was signed by the San Jose Wolves of the AIFA. Jacobs finished the 2009/2010 season with 5002 passing yards and 68 touchdowns, leading the Wolves to the playoffs and conference championship game in their inaugural season. Jacobs was expected to return for the 2010/11 season but was signed by the Jacksonville Sharks of the AFL during training camp.
Jacksonville Sharks
In 2010, Jacobs signed with the Jacksonville Sharks of the Arena Football League. He didn't see any playing time in 2010, and in 2011, he spent the season as the backup to Aaron Garcia. He would return in 2012 to compete with Chris Leak for the starting quarterback spot.