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Mike "The Situation" Sorrentino is not willing to dance for Chippendales despite his rock-hard abs and background as a stripper ... Sitch says the male revue can't afford him!!!

We got the "Jersey Shore" star and ex-con in New York City, and our photog asked Mike if he's ever going to follow Vinny Guadagnino's lead and join the famous production in Vegas.

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Easy to see why folks think Situation and Chippendales are a match made in heaven ... the reality star is all about his abs.

There's also some history between the two ... Sitch judged a Chippendales competition back in October, but couldn't be coaxed into taking off his shirt.

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And, there's this ... "Jersey Shore" alums have a history of bringing in huge box office numbers at Chippendales. Vinny was such a smashing success last year, they brought him back for an extra 6 weeks.