"At least you're not Chad Johnson" might be something people say soon ... because on top of being a wanted man, TMZ has learned the former NFL star's finances are sinking faster than his career.Chad filed new court docs as part of an ongoing battle with one of his baby mamas, Andrea Pearson, asking a judge to lower his $5,420 per month child support payments because he claims can't afford it.
In the docs, Chad says he agreed to that number back in March 2012, when he was a successful NFL star. He says he now "finds himself without a contract and without a team. Simply [I am] unemployed."
He also says, at such a late stage in his career, it is CERTAIN he will never make the kind of cash he once did.
The news is a far cry from his money days ... in 2012, Chad claimed he raked in $66k per month. But he got released from the Dolphins in August after his head butting arrest and his endorsement deals dropped like flies.
As TMZ first reported, a warrant was issued for Chad's arrest on May for an alleged probation violation, also stemming from the domestic violence case.
Hmmm ... where'd it all go wrong?

The Wisconsin racetrack where Dick Trickle forged his legacy -- winning TONS of races en route to becoming a NASCAR star -- is honoring the driver with a special pre-race ceremony when stock car season kicks off later this month, TMZ has learned.
Laird Hamilton's latest surfin' safari was a TOTAL DISASTER ... all because greedy jet skiers have overrun and RUINED the Tahitian spot he made famous ... the surfing icon tells TMZ.


New York Jets running back Michael Goodson was arrested in New Jersey early this morning after cops say the 25-year-old was in possession of weed and a loaded handgun. 



Skating pioneer Rodney Mullen is about to put his focus back on freestyling ... the "Godfather of Street Skating" has filed for divorce from his wife of 13 years.



Officials say they received a phone call before the shooting in which the caller said there would be a dead body at the cemetery and it would be his.
Telling apart newly out and proud NBA player Jason Collins from his identical twin brother Jarron Collins just got a whole lot easier.






















































