Evelyn Lozada 'Basketball Wives' Made Her An Offer She Couldn't Refuse

Evelyn Lozada was all set to leave "Basketball Wives" and not return for the show's fourth season -- until the show offered her a deal she just couldn't turn down ... which includes her own spin-off show.

As previously reported, Evelyn had made up her mind that she was done with the show for good after VH1 posted a blog insinuating she cheated on her husband, NFL star Chad Ochocinco.

Once Evelyn let producers know she was out, that's when we're told they really made a push to keep her.

According to our sources, her new arrangement with the show has her shooting about half as often (but with a raise) and that she can work around her daughter's school schedule. We're also told Evelyn has made it clear ... she will not miss any of Chad's games.

But according to our sources, the final carrot that sealed the deal ... was that VH1 promised to spin off Evelyn and Chad into their own show. We're told that show would document the months leading up to their wedding ... but so far no deal to shoot the wedding has been made.