Former IBF light welterweight and WBA welterweight titlist Paulie Malignaggi (33-7, 7 KOs) is reportedly hanging up his gloves after a devastating ninth round technical knockout loss to up and coming fighter Danny Garcia (31-0, 18 KOs), as per Boxing News 24.

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The Brooklyn native announced his intention to retire after a 14-year fighting career during the post-fight interview on Saturday at the Barclays Center in New York. He also expressed his desire to continue a career either as a boxing commentator or analyst during live broadcasts.

"I'm probably not fighting again," Malignaggi said, as reported by ESPN. "You hate to make an emotional decision. My career started in Brooklyn 14 years ago. If it ends in Brooklyn tonight, then at least I ended it at home, where I'm from, and in front of the greatest fans in the world. I've got a really good job commentating and watching great fighters fight ringside. I hope to sit around ringside for a long time."

The 27-year-old Garcia completely dominated the fight and did not give any opening for his 34-year-old opponent. The Philadelphia native landed 121 of 485 shots for a 25 percent connect rate while Malignaggi hit only 77 or 335 for 23 percent. The main difference had been the punches thrown, which obviously the Magic Man is struggling with at present.

SB Nation indicated that there were moments in the fight that Malignaggi was looking like his old self that beat the likes of Zab Judah, Vyacheslav Senchenko, Juan Diaz, and José Cotto, but they were just too few and too far from each other. It was clear that Garcia is a different animal altogether.

With the welterweight and light welterweight divisions filling up with elite fighters these days, it is certainly a good decision for Malignaggi to call it quits and avoid any unwanted injuries or risks to a decent boxing career.

While he may still be called for tune up fights with come-backing boxers or turning point matches with rising stars like Garcia, the best place for Malignaggi now is behind the microphone at ringside.

Malignaggi had been contemplating retirement since his fourth round knockout loss to then IBF welterweight titlist Shaw Porter 16 months ago. This crushing loss in the hands of Garcia finally made it clear that he is ready to retire.

TagsBoxing, Boxing 2015, Boxing News, Boxing News 2015, Boxing Rumors, Boxing Rumors 2015, Paulie Malignaggi, Danny Garcia