'Basketball Wives' Star Draya Michele -- Allegedly Cancels Gig Because of Too Many "F**s and D**es"

"Basketball Wives" star Draya Michele ditched a paid gig at a West Hollywood nightclub because there were too many "f**s and d**es" ... so claim club honchos who are now threatening to sue her.

The hostess at Penthouse Nightclub tells TMZ ... Draya was supposed to host an event Sunday. When she arrived she looked at the crowd and said she didn't want to waste her time with "f**s and d**es" and left.

Draya told us she did NOT make the homophobic comment. She says never even showed up to the club that night ... she had called them to say she had to cancel because she was sick. She says the club owner threatened to trash her in the media for being a no show.

The club fires back ... Draya accepted a $2.5K deposit, was obligated to show and the club lost money when a disappointed crowd simply left the club. The club now plans on suing her.

Draya tells us ... she'll be happy to entertain her LGBT fans on another night ... at a different club.