I've had hot circle saws a number of times, more than I should admit. Like listed above, most of the time it is caused by an unnoticed piece of wood wedged between the saw and something else. Sometimes it's noticed but you can't shut the saw down fast enough. One time it happened because the mandrel bearings overheated after a hired hand overgreased them. The bearings on a Frick mill, if in good repair, only need a few shots of grease twice a year, at Christmas and Fourth of July. Well, this hired hand proceeded to pump in grease until it came out of the bearings. I had to run the saw, without using it, several hours to work all the grease out. Anyway, there are other causes of an overheated saw, but foreign objects are the number one.
Jeff B. had it right in that if the saw isn't hitting anything, let it run free so that it cools properly. You do this to let the saw cool evenly. If it was sitting still the portion above the husk, with more air circulation, will cool faster than that below the husk.
Woodhaven,
I'm not a trained hammerman, but there is no way I'm running a welded saw with that big of a crack.