Profootballtalk.com reports that Rams RT Jason Smith "will be landing on waivers" if he doesn't agree to a dramatic salary reduction for 2012. A league source tells PFT that Smith has received an "ultimatum" from the Rams. His base salary is a whopping $10 million, and only $1 million of it is guaranteed. Since being the No. 2 overall pick in the 2009 draft, Smith has started only 26 of a possible 48 games. When healthy, Smith has been terrifically poor in pass protection and added very little as a run blocker.