This is what a two game suspension looks like -- Ray Rice delivers a vicious punch to his fiancee's face, knocking her out cold ... and TMZ Sports has the shocking video.

You've probably already seen the aftermath outside the elevator ... Rice dragging the unconscious woman on the floor. But now TMZ has gotten video of what happened inside the elevator.

The incident took place Feb. 15th at the Revel Hotel and Casino in Atlantic City -- after Ray and then-fiancee (now wife) Janay Palmer got into a heated argument on their way into the elevator.

Inside the elevator it's apparent he strikes first ... she hits back ... and then Rice delivers the knockout blow.

 

More From KISS Country 93.7