It is not for The Ring belt. The Ring Belt is only when #1 fights #2, and in rare circumstances where #1 fights #3. However in this case Manny Pacquiao is ranked #1, so there is no way to crown a welterweight champion without his involvement.
It should be noted that when Margarito and Mosely fought each other (Marg then #1 and Mosely then #3), many people felt it should have been for the welterweight tile and criticized The Ring for not recognizing it. Those people continue to consider Mosely at THE welterweight champion, and I sort of agree.
Bookmarks