Mayweather, the world's light middleweight champion, has previously demanded a bigger share of the fight purse as a condition for agreeing to any fight with Pacquiao.
Other conditions, including a blood test, have delayed any fight between the two despite anticipation of a huge payday for such a match.
In the meantime however, the Filipino intends to resume his other sporting interest Wednesday as playing coach for the Kia team in the Philippines' competitive professional basketball league, Pineda said.
The pint-sized Pacquiao made a dismal pro ball debut last month, turning the ball over twice while failing to get off a shot in nearly seven minutes of action as his team's starting shooting guard.
Despite his lack of top-notch basketball training or experience, the newly-created Kia team, owned by a business friend of Pacquiao, recruited the hugely famous pugilist as its playing coach in what was widely seen as a publicity gimmick.
"He will be in all Kia games," said Pineda, adding that Pacquiao would be able to juggle his basketball duties with his other job, as an elected member of the country's House of Representatives