Tracy McGrady: Olympics Are Way Too Dangerous ... No Way I'd Play!!

Tracy McGrady says there's NO DAMN WAY he'd hoop for the U.S. in the '16 Olympics ... warning athletes everywhere that Zika and the putrid water situation make it not worth it.

Tons of huge stars have signed up for Team USA -- including Kevin Durant, Klay Thompson and Kyrie Irving ... while other stars like LeBron, Steph and Russell Westbrook took a pass.

So, with all the questions about the health risks to the players, we had to ask T-Mac what he would do in the same situation.

Long story short -- HELLLLLL NO.