That's a big *IF* but if he does lose (sounds weird even saying it) then it's a rematch. He's moving up in weight so he would have a more legitimate reason for the loss.. BUT, again..he's NOT going to lose, maybe 3 rounds but that's it.
Depends how he takes it and the manner of the loss. It's impossible to say. One of rematch/retire/Pacquiao I guess.
It really depends on how he loses. If it is a close match and Cotto gets the nod, then a rematch is definite. If he just gets blown out, he may just do his jail time and be on sabbatical for another year or so.
Move back to 147, goad Pac to fight him, place another term which will surely be rejected by the other camp, go to the press to state that he tried to make the fight, then pick another welter a level below, maybe Berto and insist that he is fighting champions.
Collect check, Prob smash Ms. Jackson/50 Cent eat some junk food & enjoy the rest of May until he has to turn himself in.
Nope, I'm just saying with the pride that he has, I don't think he could recover from taking his first L