RCMP say Terrell Cardinal, 23, pleaded guilty in Alberta provincial court earlier this week to two counts of break-and-enter, which happened at a motel room in Boyle, where Jacobs was playing in a charity golf tournament.
Cardinal was also ordered to pay a $200 victim surcharge.
Jacobs and his team ordered the rings after their 2014 Sochi Games gold medal win.
A woman who is also charged in the case is set to make her first court appearance next month.
Mounties say Jacobs expects to have his Olympic ring returned to him shortly.
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