Retirement
Schmidt was inducted into the Hockey Hall of Fame in 1961. After his retirement from hockey management, Schmidt remained involved with the Bruins through their alumni team and as manager of the Boards and Blades Club at the Boston Garden. Milt Schmidt's jersey #15 was retired by the Boston Bruins on March 13, 1980. On October 6, 2010 the Bruins celebrated Schmidt's 75 years with the team during Milt Schmidt Night. On this night he received 2 commemorative Stanley Cup miniatures to represent the two cups he had brought to the club, plus he personally rose his number to the rafters inside TD Garden.
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“Douglas. Now remains a sweet reversion—
We may boldly spend, upon the hope
Of what is to come in.
A comfort of retirement lives in this.
Hotspur. A rendezvous, a home to fly unto.”
—William Shakespeare (1564–1616)
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—Jeremy Taylor (1613–1667)