The 13-episode show is coming to an end and Baldwin, 54, wants to keep the show running even if it means less money, reported Radar Online.
"I offered NBC to cut my pay 20 percent in order to have a full 7th and 8th seasons of '30 Rock'. I realise times have changed," Baldwin said.
NBC said in May that the seventh season would be the last for the show, and it would have just 13 episodes rather than the regular 21 to 23.
The actor plays the role of a television executive, Jack Donaghyin on the show. '30 Rock' has won 14 Emmy awards, including best comedy series and two for Baldwin as lead actor.