Law enforcement sources tell us Bynum was burning rubber in his customized 2010 Ferrari 599 GTB Fiorano on October 29 -- when cops clocked him going 110 MPH in a 55 MPH zone.
Bynum was eventually ticketed for speeding -- but dude was lucky he wasn't hauled to the slammer.
Law enforcement sources tell us the only reason he wasn't nailed on a reckless driving charge was because traffic was light and the NBA star wasn't weaving in and out of lanes.
