Pagett retired from professional snooker after dropping off the tour at the end of the 2014/15 season.
Eight years after turning professional, Pagett achieved one of his biggest dreams in snooker by qualifying for the Crucible in 2011.
“The Crucible is where everyone aims to get to in their career,” said Pagett. “I have won every Welsh tournament as an amateur but feel I have under-achieved.”
The Welshman gave a good account of himself at Sheffield and ran Jamie Cope close in the first round before losing 10-7.
He is a former World Amateur quarter-finalist and European Championship runner-up.