One week before his induction into the National Museum of Racing and Hall of Fame, Santos announced his retirement in several press conferences at the Saratoga Race Course. The first was held in the press box at the racecourse. With his usual smile, though later showing other emotion, Santos informed the press that he would retire. He received a standing ovation from all in attendance, with most members of the press waiting to personally shake his hand and wish him well. Another press conference was held in the jockey's room and was televised on the Saratoga Race Course television station. With all of his fellow jockeys in attendance, it was an emotional scene not only Santos but for many other jockeys. Here as well, Santos received a touching standing ovation from his peers and friends of many years. Almost every jockey in attendance, many from all over the United States, waited until the end to greet Santos, some with a handshake and even more with an embracing hug.