Paula Abdul will NOT be on Dancing With The Stars

Sources close to Paula tell TMZ the former "American Idol" judge has decided against doing the show -- despite the giant bag of money ABC practically threw at her.

As we first reported, the alphabet net offered Paula a $1,000,000 development deal ... if she agreed to do "Dancing."

Paula is still in talks with Simon Cowell about joining his upcoming "X Factor" show

Look at the ROCK Simon got his lady friend.