By Salvador Rodriguez

Gaby Peñagarícano, the legal adviser to former three division world champion Miguel Cotto (38-4, 31KOs), says the Puerto Rican star is taking his time to decide what he plans to do next in 2014. Cotto has two deals on the table. On one end is a monster, $10 million dollar deal to face Saul "Canelo" Alvarez (42-1-1, 30KOs) on March 8th in a headline bout of a Showtime Pay-Per-View. On the other end is a deal that is less lucrative, but gives Cotto the chance to make history in taking on WBC middleweight champion Sergio Martinez (51-2-2, 28KOs) in the main event of an HBO Pay-Per-View.

"Miguel will decide his future at his own pace, as he has done for many years. No one has been ruled out so far, the doors are still open [for what he will do next]. For now there is no deadline. Miguel is always interested in big fights, but first you have to reach an agreement and that takes time," Peñagarícano said.