By Jason Kim: For what it’s worth, Floyd Mayweather Jr. still has around 10 days to speak up and agree to a fight with WBO welterweight champion Manny Pacquiao. Bob Arum, Pacquiao’s Top Rank promoter, said that he can put together a fight between Pacquiao and Miguel Cotto or Antonio Margarito in 10 days or less.

If Mayweather can move quickly, he still has a chance to get ahead of Cotto and Margarito to land the mega fight with Pacquiao or November 13th. The chances of that happening are pretty remote as of now. Mayweather missed Arum’s deadline tonight at midnight to agree to a fight against Pacquiao.

Arum now says he’s taking Pacquiao and moving on to negotiate a fight against either Cotto or Margarito. Arum isn’t saying which one he’ll select for Pacquiao to fight next, but some people think it will be Margarito, as Cotto has already had a chance against Pacquiao last year in November and was a miserable failure, getting stopped in the 12th round by Pacquiao in a one-sided fight.

If Arum selects Margarito as Pacquiao’s next opponent, the fight will likely take place in Monterrey, Mexico rather than the United States. Margarito lost his boxing license a year ago after a plaster-like substance was found in his hand wraps before his fight with Shane Mosley.

Margarito had no luck recently when he attempted to get his boxing license back by applying to the Nevada Athletic Commission.

Arum’s mid-July deadline was never responded to by Mayweather, who ignored Arum completely. Arum said that he wasn’t negotiating with Mayweather one on one. It was Ross Greenburg, president of HBO Sports, who was interacting with Mayweather’s management.

If it does take 10 days for Arum to negotiate a fight between Pacquiao and Cotto or Margarito, then there would be an outside chance that Mayweather could still speak up and take the fight with Pacquiao but again it’s not likely to happen. Mayweather seems turned off by the negotiations right now and is doing his own thing.

Hopefully, if Mayweather fails to speak up in the next 10 days, it doesn’t continue into next year in May when Arum has said that he plans on trying to renegotiate a fight between Pacquiao and Mayweather. There’s a ton of money to be made in a fight between Mayweather and Pacquiao, and that’s reason enough for Arum to continue to try and put a fight together between Pacquiao and Mayweather.