At the NHL Board of Governors meeting in June 2007, Jacobs was elected chairman of the Board, replacing the Calgary Flames' Harley Hotchkiss, who stepped down after 12 years in the position.
Na reunión da Xunta de Gobernadores de xuño de 2007, Jacobs foi elixido presidente da Xunta, substituíndo a Harley Hotchkiss dos Calgary Flames, que estivera 12 anos no cargo.