Pacquiao to fight Margarito or Cotto if Mayweather bout falls through

Only a few days remain before we get our answer on a Floyd Mayweather Jr.-Manny Pacquiao fight.

An agreement has been sent to Mayweather for his approval. If Mayweather approves, the fight would happen on Nov. 13 in Las Vegas.

Mayweather was given a mid-July deadline to approve the terms. If Pacquiao can't get Mayweather for November, Top Rank has two possible opponents who are ready and willing.

WBA junior middleweight champion Miguel Cotto and Antonio Margarito will be the two options for Pacquiao if the Mayweather fight doesn't happen.

Pacquiao's trainer Freddie Roach sees a Cotto rematch ending in the same way as the first fight. After a few close early rounds, Pacquiao took over the fight to batter Cotto and stop him in the 12th round of last November's bout.

Roach watched Cotto's title win over Yuri Foreman in June. He wasn't too impressed and saw nothing different about Cotto. The three-division champion from Puerto Rico is now trained by Emanuel Steward. Even with Steward and without a catchweight -- the November fight took place at 145 pounds, two under the welterweight limit -- Roach says Pacquiao would beat Cotto every day of the week.

"Well, [Cotto] won a title and it would be for Manny's eighth world title so it gives it some legitimacy. I think if [Cotto] fought one more, it would make it even better. It would show he is better at that weight. You know they are talking about a catchweight, but I say we fight him at 154. Manny beats him any day of the week. I don't think Cotto is any better than he was last time. He says he is better at that weight maybe we'll see," said Roach to Gabriel Montoya of doghouseboxing.com.