Lil Pump caught a big break when his record contract with Tha Lights Global, which is an imprint of Warner Bros Records, was voided because he was underage when he agreed to it.

That deal -- which was signed before "Gucci Gang" blew up -- would have paid him around $500,000 an album in advances.

Pump and his team are now seeking a new deal that will pay $8 million an album.

According to Hits Daily Double, most suitors are putting the value of a deal with Pump more in the $3-4m per album range.

Among those suiters is Gucci Mane.  Yesterday, Gucci pitched Pump on his label 1017 by saying the 17-year old could "name his price."

Something tells us that if he "named" $8 million an album Gucci would suddenly go ghost.