The Colts waived Jacobson on Tuesday, Joel A. Erickson of The Indianapolis Star reports.
Jacobson joined the Colts' practice squad in October of 2021 after opening the season on the Seahawks' practice squad. He signed a futures deal with Indianapolis in January but finds himself among a wave of cuts ahead of Tuesday's 53-man roster deadline. The former Iowa State basketball player has yet to appear in an NFL regular season game.