Savard retired from the NHL on Monday, Joe Haggerty of NBC Sports Boston reports.

EDGE Analysis

The 40-year-old has been out of the league for seven years, but is now officially hanging up the skates. Savard's career was unfortunately cut short due to several concussion related injuries, but was illustrious nonetheless. The Ontario native was able to play 13 seasons in the show with four different teams, totaling 706 points (207 goals, 499 assists) in 807 games -- while hoisting the Stanley Cup with Boston in 2010-2011. On a bright note for Savard, many of his concussion-related symptoms have lessened or vanished after his playing career, and he's reportedly looking into coaching to continue his passion for hockey.

Savard's $4.1 million cap hit was acquired by New Jersey along with a 2016 second-round pick in exchange for Graham Black and Paul Thompson.

EDGE Analysis

This is the second time Savard's contract has been shipped as he remains out on Long-Term Injured Reserve after several concussion related issues ended his career. The Devils had plenty of cap room and are the midst of a rebuild. A second-round pick will go a long way towards developing youth for the future.

The Panthers acquired Savard's contract in a deal that also sent Jimmy Hayes to the Bruins for Reilly Smith, TSN.ca reports. Savard -- who is not expected to resume his playing career -- has not played in the NHL since the 2010-11 campaign due to concussion issues, but the move frees up $4.027 million worth of salary cap space for the Bruins in each of the next two seasons.

Marc Savard hasn't played a game since 2010-11 and even though he is still dealing with post-concussion syndrome, he is feeling better. "I'm doing good. Things are getting better for me," Savard told TSN 1050 in a radio interview last week. "I still have some issues, but I can't complain; life's pretty good. I've got a newborn, a son that's playing hockey and a daughter that's dancing, so things are pretty busy for me." He still has three years left on his remaining contract with the Bruins at a salary cap hit of $4,027,143 per season, which gets placed on long-term injured reserve.

Marc Savard, who is still suffering from concussion-like symptoms, will be in Boston this week and the Bruins will declare him unfit to play. Savard is under contract through 2016-17 at an annual average salary of just a little over $4 million. The Bruins may not have to place him on long-term injured reserve to start the season though. "We've got a lot of flexibility this year," said GM Peter Chiarelli. "Do I suspect we'll use Savard's LTI? It depends. [Owner Jeremy] Jacobs has allowed us to pursue those types of players. He wants to win. I think if we presented a compelling case, I think he'd let us use it."

Marc Savard commented on his Twitter page last week that he is "very interested" in coaching at the OHL level. His chances of returning from post-concussion syndrome are slim and back in October he said that he didn't see a comeback attempt coming in his "foreseeable future." Savard has been participating in the NHLPA process during the lockout though and he's made his opinions of frustration, which are common among the players, known. It's good to see that he's doing some thinking about his future in case his attempts to come back don't work out.

Marc Savard (concussion) doesn't see a comeback attempt in his "foreseeable future." Savard did make an attempt to workout on Monday, but whether or not he'll ever play in the NHL again is still up in the air. "I do in fact hope there is still a glimmer of light at the end of the tunnel to play but that rest on the doctor shoulders so far," Savard tweeted before ending with the hashtag #nochance. Savard hasn't played in an NHL game since Jan. 22, 2011.

Marc Savard (concussion) isn't close to being ready to play hockey and it remains to be seen if he'll ever play in another NHL game. "I've had a lot of issues obviously," Savard said. "They were a lot of different things. This year I was at home a lot and I tried to help out my son coaching and getting on the ice a little bit. Even doing just [getting on the ice coaching] I wouldn't feel well afterward: lightheadedness, a little bit of an upset stomach all the time. But the biggest issue I've had, of course, is the memory issues. It's very frustrating. It's something I hope I don't have to deal with for the rest of my life." Savard hasn't played since Jan. 22, 2011. He also added that he wishes there was a "black and white rule for head shots."

Marc Savard (concussion) is having a hard time seeing the light at the end of the tunnel. "Right now, the way I'm still feeling and the daily issues I'm having, it's tough to see a bright future right now," Savard said. "It's tough. I still have my tough days." He's been experiencing both memory loss and headaches. Savard is still signed through 2016-17 and he's not expected to retire. He did say, that he'd still be happy if it turns out that he never plays again. "I'm on the Stanley Cup. I got a ring," Savard said. Although Savard was limited to 25 games last season, the Bruins managed to get his name on the Cup.

Marc Savard is reportedly still battling post-concussion symptoms. GM Peter Chiarelli said back in August that "it's very unlikely Marc will play again" and what little that's been reported about his condition since hasn't been encouraging. Savard is signed through the 2016-17 campaign.