Alex Marvez with FoxSports.com reported early Saturday morning that the Baltimore Ravens gave wide receiver Anquan Boldin an ultimatum that if he doesn't accept a pay cut, the Ravens will release him. Marvez writes:

A source told FOXSports.com that the Ravens want wide receiver Anquan Boldin to renegotiate the $6 million base salary he is set to earn in 2013. Otherwise, Boldin will be released before Tuesday’s start of the free-agent signing period.

Boldin, who led the team with 104 yards receiving during Baltimore's 34-31 win in Super Bowl XLVII, has reportedly shrugged his shoulders at Baltimore's threat, according to Jarrett Bell with the USA Today.

Boldin has rejected a Ravens proposal to reduce his salary, and is preparing to become an unrestricted free agent if released, according to a person person with knowledge of the negotiations.

Boldin's cap number is reportedly $7.531 million, which is apparently concerning enough regarding other free agents, such as linebacker Dannell Ellerbe.