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Greg Hardy Punished In Cocaine Case

3/3/2017 12:24 PM PST

Greg Hardy Punished In Cocaine Case

EXCLUSIVE

Greg Hardy just dodged a bullet ... he will NOT go to prison in his cocaine possession case, TMZ Sports has learned.

The ex-NFL star -- and current MMA fighter -- has struck a plea deal with prosecutors in Dallas in which his felony drug possession charge was reduced to a misdemeanor. 

As a result, Hardy was sentenced to 2 years unsupervised probation along with other fines ... a clerk at the Dallas County Court tells us. 

As we previously reported, Hardy was arrested on Sept. 25 when cops pulled over a 2010 Dodge Challenger for turning without signaling -- and during the bust, found a baggie of the white stuff in Hardy's brown Louis Vuitton wallet.

Officials say the coke weighed in at .7 grams.

Hardy was indicted on 1 count of felony possession of a controlled substance -- and faced up to 2 years in prison if convicted.

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