Boldin will be cut by the team if he doesn't agree to a renegotiated deal before free agency opens on Tuesday, according to a FOXSports.com report this morning.
The 32-year-old Boldin is slated to make a $6 million base salary next season and the team needs some cap relief, but it's conceivable he could end up with more guaranteed money under a new contract.
Earlier this offseason, he said he'd retire if Baltimore released him, but the source of the report indicates Boldin is having second thoughts about doing that.
Boldin has been the Ravens' top receiver over the last three seasons. This past year, he led the team with 65 catches for 921 yards and four touchdowns in the regular season before an impressive playoff run. He led the NFL with 22 catches for 380 yards and four touchdowns in the postseason.