Report: Cotto agrees to terms of Pacquiao rematch

Posted at 01/22/2012 11:08 AM | Updated as of 01/22/2012 5:21 PM

MANILA, Philippines – It looks like the rematch between Manny Pacquiao and Puerto Rican champion Miguel Cotto is close to being done.

According to RingTV.com, Cotto has already agreed to most of the terms of his possible rematch against the 8-divison champion from the Philippines.

The report said the Pacquiao-Cotto rematch may depend on the Puerto Rican’s ability to come down to 147 pounds.

Cotto, the reigning WBA junior middleweight champion, lost to Pacquiao in their WBO welterweight title fight in November 2009.

The Filipino boxer dethroned Cotto via 12th round technical knockout in the fight that took place at a 145-pound catch weight.

The rematch is likely to take place on June 9 in Las Vegas, Nevada.

Cotto is among four candidates being considered for Pacquiao.

Other boxers included Pacquiao's short list of "alternative" opponents are Juan Manuel Marquez, Timothy Bradley and Lamont Peterson.

Pacquiao's promoter, Bob Arum, maintained that Floyd Mayweather Jr. remains as their "Plan A" for the Filipino champion.

Arum, however, said the Pacquiao-Mayweather fight might be shelved until November if Mayweather’s camp refuses a 50-50 split in fight revenue.