Jacobsen re-signed with Brose Baskets Bamberg in August 2010 for the 2010-2011 season. The team again won the German Cup in April 2011. At game five of the finals he announced that he extended his contract for three more years. During this time, he won the German Championships in the years 2012 and 2013 and also the German Cup in 2012. In May 2014, Jacobsen, along with his longtime teammate John Goldsberry, announced retirement from the professional basketball. In tribute to him, Brose Baskets retired his 23 jersey number.