By Mark Vester

Both El Nuevo Dia and Primera Hora are reporting that WBA welterweight champion Miguel Cotto has accepted the monetary terms for a Nov. 10 title defense against former three-division champ "Sugar" Shane Mosley in New York's Madison Square Garden

Bob Arum of Top Rank has reportedly placed a $250,000 deposit to secure the Garden for Nov. 10. HBO pay-per-view will televise.

Both outlets report that a joint press release by Top Rank and Golden Boy Promotions will be issued shortly to announce the fight. A member of Team Cotto told Primera Hora that a press tour will take place in the next few weeks, with stops in New York, San Juan and Los Angeles.

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