Beams, who returned to Collingwood at the end of 2018 after four seasons with the Brisbane Lions, is contracted for a further three seasons with the Magpies.
‘‘Trying to improve my quality of life and meet the demands of playing and training for football at the elite level continues to be a struggle,’’ Beams said in a club statement on Friday.
“My health and football have come to feel like competing priorities, which is not a position that is helping or enabling me to meet my responsibilities.
“I have been trying to meet this challenge for a number of years but, with a series of debilitating recent injuries and my mental health a work in progress, I have reached a point where I know that stepping away from football is necessary.
“I want to thank all who have supported me and my family. I look forward to a brighter future.”
Collingwood chief executive Mark Anderson said the club supported the 29-year-old’s decision fully.
“Dayne has made a difficult and brave call that we support completely,” Anderson said in the statement.
“Collingwood will continue to support and assist Dayne, his wife Kelly and their children as Dayne works towards a return to full health.”
Beams managed just nine games this season, his season ending following hip surgery. He opted to step away from football following the mid-season surgery to deal with his mental health issues.
Beams also was admitted to hospital in early September following an adverse reaction to pain relief medication.
Collingwood was well aware of his mental health issues when the decision was made to acquire him in a trade back to his original club, Beams having been public with his issues in the course of 2018, when he had given up the captaincy at the Lions and struggled in the aftermath of his father’s death.
The Magpies gave up their first-round and future first-round draft choices for Beams, 29, albeit their trade with the Lions saw them acquire sufficient draft “points” in return to still land academy recruit Isaac Quaynor and father-son Will Kelly – players that would have cost them their first and second choices in 2018 had they retained their original selections. But he did cost them a first-rounder for 2019 outright.
Beams, a Queenslander from local club Southport, sought a trade to the Lions in 2014, when he was contracted. Collingwood gained a hefty return of pick No.5 – which became Jordan De Goey – defender Jack Crisp, who has not missed a game, and a second-round pick that was used to trade for Levi Greenwood.
Collingwood gave Beams a four-year deal, but on what sources said was relatively moderate money for a player with his resume, which included best-and-fairests at both clubs and All-Australian honours.
Jake Niall is a Walkley award-winning sports journalist and chief AFL writer for The Age.