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Dwarfs Birdman's Cash Money Party ...

Lil Wayne can't lose when he's got LeBron James on his team -- even when he's squaring off with Birdman.

Wayne got a bunch of Cash Money artists --technically Birdman's artists -- to flock to his NBA All-Star weekend shindig Saturday in New Orleans to celebrate Cash Money Records' 20th anniversary ... leaving Birdman's party relatively empty.

Weezy even reunited with Juvenille, B.G. and Turk for a Hot Boys performance ... intro'd by LeBron.

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Other celeb guests included DJ Khaled, Meek Mill, 2 Chainz, 21 Savage and (almost) Future -- who got bounced for bringing more thanb 30 people to the joint when it was already at full capacity.