It's a technique used all the time with DC motors. Car wipers and windows usually short the motors out when turned off to make them stop quickly.
Motors are also generators. When they spin, they generate a voltage. Shorting that voltage causes current to flow that opposes the motion. You mentioned that putting power on the black wires makes the motor go backwards. Therefore current flowing in the 2.5 Ohm winding and the armature is producing torque that is in reverse. Allowing that current to flow when the motor is turned off will produce torque in reverse, which is braking torque. That obviously stops when the motor stops.
You can try it out. Short the black windings and spin the motor. It will most likely be possible to feel the difference in how fast the motor slows down. It might not, because there might be no residual magnetic field, so no voltage generated, so no torque. When braking from running, there will be the field present from when the motor was running.
Be aware that there might be a big voltage on the windings when spinning the motor by hand, and the saw blade will be just as sharp without electric power.