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UPDATE 11:30 AM EST

Looks like Chad Johnson is about to be a free man! 

According to TMZ:

Johnson appeared in a Florida courtroom today … where he faced off with Judge McHugh — the judge who tore him a new one after he slapped his attorney’s ass in open court during last week’s hearing. 

Johnson was brought into the courtroom wearing handcuffs … and from the moment the hearing began, the judge blasted Chad for his history of disrespectful behavior. 

But after the scolding, the judge agreed to release Johnson today — but extended his probation by one month … meaning he won’t be in the clear until October 16. 

Chad only spent one week of his 30 day jail sentence.

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Seems like ex-NFL player Chad “Ocho Cinco” Johnson can’t catch a damn break.

First he was sent to jail when he playfully slapped his lawyer on the ass while in court. And now it’s being revealed that he has some major money woes – he’s losing over $45K a month!

In fact, according to TMZ the amount is about $45,982.76 a month.

As TMZ first reported, Johnson has been battling his baby mamas in an effort to lower his child support payments … seeing as he no longer makes the cash he used to at the height of his NFL career. 

In docs filed in April, Johnson claims to only make about $3,000/month … but that immediately disappears thanks to the $16,525 he already pays in child support. 

Then when you get to his own expenses, Johnson forks over $9,063.24 in mortgage payments, $2,500 for food, $2,650 on car expenses, $3,500 on clothing, $250 for grooming, $5,000 on entertainment, $1,000 for pet expenses along with various other expenses that total $31,154.76. 

But it’s not all bad. He still has two houses, two cars, and a few bank accounts that pull his assets in at a nice $4,720,672.57. 

So aside from those 30 days he has to spend in jail, looks like he ain’t got no worries. Well…with money anyway.

SOURCE: TMZ