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Steven Peterson My Backfist KO NOT Knockout Of Year ... That Belongs To Masvidal

UFC fighter Steven Peterson's spinning backfist was so vicious there's buzz it could be "KO of the Year" ... except the guy who landed the crushing blow says he doesn't deserve it.

That honor is reserved for Gamebred ... Peterson tells TMZ Sports.

"Man, I would love to get knockout of the year, but I can't beat Jorge Masvidal's knockout. You can't beat the flying knee knockout. I bet I'll get runner up, and I'm happy with that. I'm ecstatic to have runner up behind Jorge Masvidal."

Of course, Masvidal knocked out Ben Askren with a flying knee 5 seconds into their July fight.

Spectacular ... but so was Peterson's.

If you missed his fight, the 29-year-old featherweight switched off Martin Bravo's lights with a perfectly placed spinning backfist in the 2nd round at UFC Fight Night 159 Saturday night.

So, what was it like landing the perfect shot full force to the button of Bravo's chin???

"It was like a Grand Slam, man. I didn't feel it on my hand. It just went through me, ya know. I heard it. It sounded like hitting the ball outta the park."

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