Master P Gunning for LaVar Ball In Co-Ed Basketball League

Master P has just been named the president of a brand new professional basketball league -- for both men and women -- and says his first order of business is signing LaVar Ball.

The leader of the No Limit Army was out in NYC -- where he was officially announced as head of the GMGB, Global Mixed Gender Basketball.

Master P says he's going after real deal talent -- from Lisa Leslie to Paul Pierce ... but says the big target right now is LaVar.

"I want to get LaVar Ball into the league. I want to see how good he really is."

There's more ... P says he also wants to lock down Shaq and get them to settle their beef on the court once and for all.