The 41-year-old hinted at retirement earlier this month when he told TSN Radio 1040 in Vancouver, “the NBA game is just a touch too far for me.”
In October, it was announced that Nash would miss the entire 2014-15 season due to recurring nerve damage in his back.
The two-time MVP last appeared in 15 games for the Los Angeles Lakers in 2013-14 and previously said he expected this season to be his last.
Nash wrote a post about his retirement for The Player’s Tribune.
Nash appeared in 1,217 games for the Phoenix Suns, Dallas Mavericks and Lakers. He averaged 14.3 points, 8.5 assists and 3.0 rebounds per game and holds a 49% career field goal percentage and a 42.8% three-point percentage.