Lance Armstrong Rejects 'DWTS' Offer: Confirmed

lance armstrong nixes dwts

Disgraced cyclist Lance Armstrong recently lost $150 million in future endorsement deals but he isn't so broke that he's feeling compelled to sign on to the spring season of 'Dancing with the Stars.'

Recently stripped of his seven Tour de France titles, Armstrong turned down an offer by the ABC reality dance competition, according to an Entertainment Weekly exclusive report.

He was one of the "big get" celebrities that is high on the networks list of potential competitors.  It was recently revealed that Lindsay Lohan turned down $550K for the same opportunity that failed to entice the fallen athlete.

His spokesperson confirmed, "Lance has been offered the show each and every year since its inception.  Although flattered he has passed on their generous offers."

The new season of 'DWTS' premieres on March 18.

Photos:  WENN