The Ravens asked veteran wide receiver Anquan Boldin to accept a $2 million paycut of his $6 million base salary, according to league sources with knowledge of the situation.

In what remains a fluid situation, Boldin has declined.

Depending on whether this financial dispute is resolved, it could lead to his release.

One source stated early Saturday morning, "Unless something dramatic happens, it's an absolute done deal that Anquan will be released."

The Ravens were on the verge of releasing Boldin at one point Friday afternoon, and he had prepared a statement thanking the fans for their support for his time in Baltimore. The Ravens haven't given up on working something out with the Ravens.

Boldin, 32, carries a $7.531 million salary-cap figure.