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Update: Anquan Boldin rejects Ravens’ pay cut offer, will test open market if released

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Anquan Boldin could be released before Tuesday (USA Today Sports Images)

Updating an earlier FOX Sports report that the Baltimore Ravens would release veteran wide receiver Anquan Boldin if he does't take a pay cut, Jarrett Bell of USA Today writes that Boldin has indeed rejected the Ravens' offer, and is bracing to test the open market.

Boldin is entering the final year of his contract and is scheduled to earn $6 million in non-guaranteed base salary in 2013. Boldin has a cap number of $7,531,250 that the Ravens, who have around $10 million in available cap space, would like to reduce.

[Related: NFL's new free-agency negotiating window causing tension]

Following the Ravens' win over the San Francisco 49ers in Super Bowl XLVII, the 32-year-old Boldin said that he would retire if he were released this offseason. Given the current state of the free agent receiver market, Boldin would probably rethink that statement as he would certainly draw interest from a team like the Pittsburgh Steelers or Houston Texans if he were to shake free -- and it appars that he has done just that.

Acquired from the Arizona Cardinals in a 2010 trade, Boldin has 186 receptions for 2,645 yards and 14 touchdowns in 45 games with the Ravens, bringing the three-time Pro Bowler's career totals to 772 catches, 10,165 yards and 58 touchdowns.

Boldin was one of the key performers for the Baltimore Ravens during their Super Bowl run. In four postseason games, Boldin caught 22 passes for 380 yards and four touchdowns, including two in the Ravens' 28-13 win over the New England Patriots in the AFC championship game.

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