Sylvester Stallone would say no to NEA role, wants to focus on helping veterans

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Sylvester Stallone just knocked out the rumors that he may be joining Donald Trump in Washington.

Stallone said he was "flattered" President-elect Donald Trump might be considering him for an administration post, but believes he would be better suited to work for veterans.

"I am incredibly flattered to have been suggested to be involved with the National Endowment of the Arts," Stallone told FOX411 in a statement. "However I believe I could be more effective by bringing national attention to returning military personnel in an effort to find gainful employment, suitable housing and financial assistance these heroes respectfully deserve."

It was reported Friday that Trump was considering Stallone to chair the NEA.

A Trump rep told us on Friday, "No decision has been made here yet." An RNC rep added, "They are old friends and the President-elect thinks very highly of him, but no decisions have been made regarding this position."

Stallone and the President-elect have a history. Trump's campaign launched a web ad that featured a speech from Stallone's 2006 "Rocky Balboa."

The actor told Variety in January "I love Donald Trump."

Big names from several industries have been lining up at the Trump Tower in New York city to talk about possible posts in the new administration.

Artist Jane Chu currently chairs the NEA, which has an annual budget of $150 million. Which is about what a big-budget Stallone-type action thriller is going for these days.