The Maryland football legend ends his 14-year career with two Pro Bowls and a Super Bowl championship.
Jacobs spent six seasons with the Terps from 2013-2018.
Randy White played for the Terps in the 1970s and was a two-time All-American.
John Donovan was a coach for Maryland for 10 seasons.
The pair could both finish in the top 10 in receiving yards.
The former All-American will get to showcase his talents starting in February.
The high-flying kick returner was also named Big Ten Return Specialist of the Year earlier this week.
The Spartans are looking to become bowl eligible, while the Terps want to finish the season on a high note.