The World Boxing Organization stripped Floyd Mayweather of his welterweight title on Monday, but it's not precisely a loss: Mayweather still has an undefeated record. After he beat Pacquiao May 2, Mayweather said he wouldn’t take the title since that would mean giving up previous titles he won and paying a $200,000 sanctioning fee to the WBO for his fight with Pacquiao, ESPN's Dan Rafael reported.

"I don't know if it will be Monday [May 4] or maybe a couple weeks," Mayweather said after the Pacquiao fight, in regard to giving up his other belts. "I'll talk to my team and see what we need to do. Other fighters need a chance. Give other fighters a chance. I'm not greedy. I'm a world champion in two different weight classes. It's time to let other fighters fight for the belt."

Floyd Mayweather Floyd Mayweather is switching from boxing to clubbing. Photo: Instagram/Floyd Mayweather

His deadline to make a decision was Friday. Since he didn’t vacate the two world titles he holds -- one with the World Boxing Council and one with the World Boxing Association -- the Puerto Rico-based organization unanimously voted to strip him of his WBO title, ESPN wrote.

So who gets the title now? Ideally, fans would like to see Mayweather get in the ring once more, but he has said the Pacquiao fight would be the last one. Since Timothy Bradley beat Jessie Vargas last month, Bradley will likely become the new WBO welterweight champion, Bleacher Report wrote.

Mayweather didn’t seem fazed by the news. Instead, he took to Instagram to promote a July 10 nightclub appearance by him and his friends. **St. Louis** Come Party With Me And #TheMoneyTeam At HG Dance Club Friday July 10th,” he wrote.

Forbes reported that Mayweather is 2015's highest-paid athlete, earning $300 million.

Follow me on Twitter @mariamzzarella