2:43 PM PT -- Yeeeah, BROTHER -- Hulk Hogan has officially weighed in on the leg drop heard 'round the world, saying ... "MIGUELAMANIA at least he did it right brother."
Miguel was TRYING to jump from the stage to a platform ... but he missed ... and instead, a fan got ROCKED with a BRUTAL (yet accidental) LEG DROP TO THE FACE!!!!!
It all went down during M's performance at the Billboard Music Awards last night when the singer was performing his hit, "Adorn" ... which, minus the face-bashing, was pretty damn good.
After the performance, Miguel met with the fan backstage and tweeted about the leg drop -- "Got caught up in the moment, thank goodness Khyati is okay."
Meantime, here's what a REAL leg drop looks like ...
If he could go back in time, singer Miguel STILL wouldn't give Frank Ocean a standing ovation for beating him at the Grammys ... telling TMZ, it's just his competitive nature.
You'll recall, Miguel lost to Frank for Best Urban Contemporary Album at the Grammy Awards this year ... and while everyone stood to clap for Frank, Miguel remained seated. Chris Brown also lost to Frank, and remained seated as well.
Miguel was out in L.A. yesterday when we asked if he had any lingering feelings of guilt for dissing Frank ... and let's just say, he wasn't feeling too apologetic.
Nevertheless, Miguel did offer Frank his belated congratulations ... kinda.