By Edward Chaykovsky

Former two division world champion Paulie Malignaggi views Saul "Canelo" Alvarez vs. Julio Cesar Chavez Jr. as a "waste of time."

The all-Mexican mega-fight is being negotiated for May 6th, as part of Cinco De Mayo weekend. A catch-weight of 165-pounds is on the table, with Chavez coming down by three pounds and Canelo going up by eleven pounds.

The two sides are trying to finalize the financial terms, which appears to be the biggest issues with closing the deal.

Canelo vs. Chavez Jr. is a huge fight for Mexican fans. There is a curiosity factor to see how Canelo will deal with a much larger fighter.

Malignaggi does not dispute the marketability of the fight. He realizes the contest will generate a lot of buys on pay-per-view and a lot of hype among boxing fans - which is why both sides are pursuing the contest.

"I think the ignorant opinions are what make the fight game so interesting - you’ll generate buys, you’ll generate hype, you’ll generate an incredible difference of opinion in debates," Malignaggi told Bloody Elbow's Three Amigos Podcast.

"People are talking about Canelo Alvarez vs. Julio Cesar Chavez, Jr. in May. That’s a waste-of-time-fight, but it will probably get a ton of buys. I think the ignorant opinions are what make the fight game so interesting - you’ll generate buys, you’ll generate hype, you’ll generate an incredible difference of opinion in debates. Once you have debates on a fight, you’ve generated interest, and the interest generates buys and sales and whatnot, so to answer your question, no, there’s nothing frustrating about it.

"I feel like most of the opinions of people that watch these kind of fights are probably ignorant and they don’t know anything, and that’s not even said in a disrespectful manner. You’ll get a lot of stupid people that will buy a lot of fights that aren’t worth the time."