Posted by Sabrina B. @gametimegirl

Deion Sanders says his estranged wife is straight up LYING … telling friends he NEVER offered her cash for sexual favors … and insists Pilar is simply trying to extort him for millions. 

TMZ broke the story … Pilar just filed an emergency motion in Texas, claiming Deion is holding her as a “financial hostage” … cutting off her cash flow … and only offering to give her cash in exchange for X-rated activities.

Sources close to Deion tell us the accusations are entirely untrue … and claim the NFL legend recently sent her a cashier’s check for $10,000 … which Pilar REJECTED.

Pilar’s lawyer, Larry Friedman, tells us she refused to accept the money because Deion presented the check as a “partial payment” towards the prenup … a prenup she believes is invalid.

We’re told Pilar was only promised $1,000,000 in the prenup … but Friedman believes she’s entitled to MILLIONS more … saying, “The offer does not reflect the assets in the estate and does not account for the time, effort, devotion, and faithfulness Pilar has invested in the marriage.”

A close adviser to Deion tells us … “Pilar has continued to make false statements in an attempt to extort additional money, in spite of the generous pre-nup that she voluntarily signed. Deion is going to allow a judge to resolve this privately, then he looks forward to setting the record straight publicly at the appropriate time.”