He made the announcement during the 2016 Giro d'Italia course presentation.
"Every athlete knows that his light will not shine bright throughout his career. Inevitably, at some stage it will start dimming and it's the sign of a wise athlete to know when the moment has come to turn it off", said Basso.
While being a member of the squad that supported Alberto Contador in his historic Giro-Tour attempt this year, Basso was diagnosed with testicular cancer, following a crash suffered on the fifth stage of the Tour de France. He was successfully operated on July 15th, he was back on his bike on August 17 and was declared cancer free on September 24.
Basso will continue to work with Tinkoff-Saxo in an as-yet unspecified role that will encompass 'technical and mangerial aspects'.