WATCH: Pavel Datsyuk Press Conference Announcing Retirement from NHL, Heading to KHL

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At Orchard Lake St. Mary's Ice Arena, where his youth hockey camp is being held, Pavel Datsyuk announced Saturday that he is retiring from the NHL with one year left on his contract and heading back to Russia and the KHL.

"It's time for us to return home," Datsyuk said.  

Datsyuk, 37, won two Stanley Cups since joining the Red Wings in 2001, won the Frank J. Selke Trophy for best defensive forward four times, was an all-star four times and won the Lady Byng Memorial Trophy for best sportsmanship four times.

He added, "I'm just thinking about my heart."

He'll end what could be an Hall of Fame career with 314 goals and 604 assists in 953 regular season games. He also played in 157 playoff games with 42 goals and 71 assists.

Datsyuk -- who was nicknamed "The Magic Man" -- never missed the playoffs as a member of the Red Wings.

The Red Wings have a 7.5 million dollar salary cap hit for the final year of Datsyuk's contract and will try to trade his deal this offseason. 

Follow @FOX2Sports on Twitter as this story continues to develop.

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