Malignaggi signs with Golden Boy Promotions

According to Dan Rafael of espn.com, former IBF Jr. Welterweight champion, Paulie Malignaggi has inked a promotional deal with Golden Boy Promotions.

“This is the best career move I’ve made and I’m thankful to Golden Boy Promotions for giving me this opportunity,” said Malignaggi, who intends to move up and fight at welterweight. “I know they can give me the biggest and best fights out there and that’s what I want at this point in my career. This is the start of a new stage of my career. A new promoter, a new weight class and a new opportunity to face the best, beat the best and win a world championship.”

The signing of Malignaggi, who is from Brooklyn, N.Y., makes sense for Golden Boy, which is based in Los Angeles, because the company recently announced a three-year deal to promote monthly cards at the Barclays Center in Brooklyn. The arena, which will be home to the NBA’s Nets, is due to open in 2012.

“That establishes me more in my hometown and helps establish them in New York,” said Malignaggi, who added he was looking forward to the promotional aspects of his deal.

“We are very excited to add Paulie to our roster of fighters,” said Golden Boy president Oscar De La Hoya, who once considered Malignaggi as one of his opponents before ultimately deciding to fight Steve Forbes in 2008. “We have worked with him on numerous fights and his flashy style is exciting to watch both in and out of the ring. We have big plans in store for him and are thrilled that he is in our corner.”

“The contract I got is a contract I am very happy with,” Malignaggi said of his new deal. “It’s a contract that makes me realize the slave contract I was in for nine years. They gave me pretty much everything I wanted. I don’t want to harp on the past. I had a nine-, 10- year relationship with Lou. I have some fond memories, but it was always business.”

“I just got back in the gym and I’m weighing about 160 pounds,” he said. “I’d like a tune-up on one their undercards, off TV, just to get back in the ring, and then I’d like to have a big fight next year.” Malignaggi first won a 140-pound title when he easily outpointed Lovemore N’Dou in 2007. He made two defenses, including beating N’Dou in a rematch, before vacating his belt in order to facilitate the fight with Hatton, the lineal champion at the time.

“I think these guys will re-establish me in the States,” Malignaggi said. “Golden Boy outlined a game plan where they could establish me in the welterweight picture. I liked the ideas they have. There’s a lot of angles they have with me.”