PAM WINS BOOB-Y PRIZE!

Hot on the heels of announcing her one-year showbiz hiatus to begin Interferon treatments for hepatitis, Pamela Anderson made an exception after hardball negotiations with “Baywatch” producer/star David Hasselhoff — a hefty half-million smacker$$$ for just three days work! Hasselhoff and show execs had a greenlight from FOX TV to produce a two-hour “Baywatch Reunion” movie — but ONLY if Pamela got back in her skin-tight swimsuit! Determined to concentrate on her health problems, the star nixed their offer of $250,000 for a three-week Hawaii shoot — so Hasselhoff upped the ante: $350,000 for just two weeks work. Again, Pamela passed! Desperate to close the deal, Hasselhoff and producers asked, “What would it take to get you to do this?” They groaned when she asked the impossible — $500,000 for just three days! Suddenly, “Baywatch” was drowning! Then Hasselhoff made one last lifesaving effort — asking Carmen Electra, Donna D’Errico, Billy Warlock, Jeremy Jackson and other co-stars to take a $25,000 salary cut each to pay Pamela! Everybody blinked — but the deal was dead in the water otherwise, so they happily took the cut and . . . SURF’S UP, GANG!