Paulie Malignaggi signed with Golden Boy Promotions today, announcing the deal on his Twitter page, and ending a long-time professional relationship with promoter Lou DiBella.
Malignaggi reportedly bought out his deal with DiBella Entertainment to sign with the promotional giant. He has worked closely with Golden Boy for his last three bouts, two against Juan Diaz and a May loss to Amir Khan. Since losing to Khan, Malignaggi has been quiet, but has announced plans to fight at 147 pounds from here on out. Against Khan and against Diaz in both of their fights, he seemed slower than he has in the past, with his reflexes seemingly faded some and his feet not as swift as they used to be.
At 29, Malignaggi has fought a lot of hard rounds as a pro. He doesn't have those quick TKO-3 wins that a lot of guys get. Only five of his 27 wins have come inside the distance, none since 2004. His four losses have come with two stoppages, but they were pretty rough beatings from Khan and Ricky Hatton, who both got him out in the 11th round. He also took a horrific beating from Miguel Cotto in 2006, lasting all 12 rounds.
I'm not saying this to be negative, but Golden Boy likely sees Malignaggi as a valuable name, one who can draw in New York, and at this stage can be a great stepping stone for their young fighters. He is still good, but clearly past his prime. Golden Boy seems a perfect fit for him at this stage of his career. If he proves me wrong and has further top-level success, then he'll obviously make good money with them. If he's basically being looked at as a high-level opponent, he'll make good money doing that. Golden Boy simply has opportunities for TV dates and the like that DiBella cannot match. Malignaggi is a smart guy and no doubt understands the limitations of a boxing career once you're at the stage he's at. It's do or die for being a top guy, but there's money to be made even if you aren't.