Nick Cannon & Birdman Team Up to Produce Basketball Flick

Nick Cannon and Birdman could be the next Ron Howard and Brian Grazer if they score a hit with their first big Hollywood production.

Sources close to Nick and Baby tell us they're teaming up to produce a basketball flick. We're told the end product will be like "Save the Last Dance" meets "Love & Basketball" ... with a twist of "Above the Rim."

Cash Money's honcho did a power dinner this week with Wack 100 and Frisco Chuck, who are funding and acting in the flick. We're told Nick wrote the treatment and presented the idea to Birdman. The duo will also appear on screen and word is The Game's also locked down a role.