Malovic played college basketball at the University of Southern California and San Diego State University. He played 39 games in the 1979–80 NBA season for the Washington Bullets, San Diego Clippers and Detroit Pistons. Following that season, Malovic played in Italy and Spain, finally settling into the Israeli top league. He played until 1996 for several teams and was a part of an Israeli League championship with Hapoel Galil Elyon in 1993.
Malovic died of a heart attack on April 13, 2007.

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