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Pacquiao has agreed in principle to a megabout with Mayweather, who has been given until midnight on Friday,July 16th 2010 to sign his name to a deal for the potential bout on Nov. 13.

If Mayweather does not sign by the deadline, Pacquiao will pursue a record eighth crown in as many different weight classes against either WBA junior middleweight (154 pounds) champion Miguel Cotto (35-2, 28 KOs), or ex-world titlist Antonio Margarito (38-6, 27 KOs), the latter of whom is the No. 1 contender for the WBC junior middleweight crown.

Margarito and Pacquiao would fight for the WBC title vacated by Sergio Martinez.