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Denzel Washington, Spike Lee

It was the Lakers and Knicks who took priority for Denzel Washington and Spike Lee on Hollywood's biggest night -- the two A-listers skipped the Oscars to catch the NBA teams go at it in LA!!!

Washington and Lee ditched stage-side seats at the famed movie award ceremony for courtside ones at Crypto.com Arena on Sunday evening ... and didn't seem one bit displeased with their choice.

The guys were seen sharing a hug before the game ... clearly not stressing about missing the Oscars -- which were taking place at the same time less than 10 miles away at the Dolby Theatre.