I am not trying to downplay his impact on our SB run, but as I said in another thread, Jacoby's season this year in hindsight is going to be reminiscent of Cundiffs year in 2010. If we extend him we're going to be sorry. The guy is easily replaceable as a 3rd WR and kick returners are a luxury, a luxury a team strapped for cap space like us cannot afford. If we had no one on the roster, maybe, but I want to see Deonte Thompson back in there, he is just as fast if not faster than Jones, and has more to offer as a receiver in that he has serious potential/upside. It's a tough move that a team in our situation has to make. IMO this is a no-brainer.
Regardless, there's $8M in dead money that would hit the Cap based on last year's Signing Bonus, so there's no way he's not going to be on the team next year.
If I remember correctly he tore a different ACL this time. I believe this is probably a good thing. Typically when you tear the same ACL recovery is more difficult and more likely to not hold up. Here is hoping he returns just as strongly this time around.