Olympic figure skating legend Oksana Baiul says she should be AT LEAST $1 million richer ... if not for talent agents who took advantage of the fact that she sucks at speaking English ... this according to a new lawsuit obtained by TMZ.
Baiul -- who was born and raised in the Ukraine -- is suing the powerful William Morris Endeavor agency ... claiming they locked her into a series of contracts back in 1994 when she was 16 ... and she didn't understand the paperwork because of her poor grasp of the English language.
In the suit, filed in the L.A. County Superior Court, Baiul claims that because she didn't understand the contracts ... she didn't realize that she had unintentionally allowed WME to distribute portions of her earnings to people with whom she claims she has no relationship.
There's more ... Baiul also claims WME has not paid her in full for her work on several projects -- including the Oksana Baiul Jewelry Collection, various TV specials, greeting cards and two books.
Oksana claims she only realized the misdeeds when she hired a new personal manager in 2011 ... who launched an investigation into her finances.
In total, Baiul says WME owes her more than $1 million in lost earnings and other damages.
Calls to WME have not been returned.