5:50 PM PT -- Stephen Jackson has spoken out regarding his initial post, saying he removed the post because him and Lil Yachty spoke and apologized to each other -- claiming Yachty understands the outrage -- and Jackson says "I salute him" for owning up to his mistakes.

Lil Yachty is catchin' serious heat over a lyric about George Floyd in a new song, with ex-NBA star Stephen Jackson leading the charge, calling it some "weak ass s***!"
The star hip hop artist was on PlaqueBoyMax's live stream on Thursday when he previewed the track .