Brad Pitt for Mayor of New Orleans?

Brad Pitt is laughing off the idea he should run for mayor of New Orleans.

Pitt told NBC's "Today" show on Thursday that he has seen the "Brad Pitt for Mayor" T-shirts that many New Orleans residents have been sporting for at least two months.

But when asked if he has considered running, Pitt said, "I don't have a chance."

Pitt is right, at least as far as the next mayoral election is concerned. He and partner, Angelina Jolie, bought a home there in 2007.

To be eligible, mayoral candidates must have be residents of New Orleans for at least five years before the date of the election. The mayoral primary is Feb. 6, 2010.

Pitt founded "Make It Right" in 2007 to build houses for low-income residents who lost their homes during Hurricane Katrina.