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US palyers celebrate with US businessman Jerry Colangelo (R) after the men's basketball gold medal match of the Beijing 2008 Olympic Games on August 24, 2008 at the Olympic basketball Arena in Beijing. The United States won the Olympic men's basketball gold medal defeating Spain 118-107. Argentina defeated Lithuania 87-75 in the bronze-medal game.
PHOENIX - OCTOBER 03: Jerry Colangelo, former majority owner of the Arizona Diamondbacks, and current Diamondbacks player Randy Johnson throw out the ceremonial first pitch before Game One of the National League Divisional Series against the Chicago Cubs at Chase Field on October 3, 2007 in Phoenix, Arizona.
BEIJING - AUGUST 24: (L-R) Assistant coach Nate McMillan, head coach Mike Krzyzewski, director of USA basketball Jerry Colangelo and assistant coaches Mike D'Antoni and Jim Boeheim of the United States pose together after they defeated Spain in the men's basketball gold medal game during Day 16 of the Beijing 2008 Olympic Games at the Beijing Olympic Basketball Gymnasium on August 24, 2008 in Beijing, China.
(From R to L) US basketball team managing director Jerry Colangelo, head coach Mike Krzyzewski, players Kobe Bryant, Jason Kidd and Dwight Howard attend a press conference before a training seesion in Shanghai on August 2, 2008. The US team will face the Russian national team on August 3 and the Australian team on August 5 at the US Basketball International Challenge games, both warm-up matches ahead of the 2008 Beijing Olympic Games.
In this July 31, 2008, file photo, U.S. Olympic basketball team players Kobe Bryant, left, and LeBron James watch the game against Turkey in Macau. The United States won the gold in men's basketball at the Olympics in August. How many of the best players on this team will be back for the 2012 Olympics and does USA Basketball continue to require a three-year commitment from them? The players have served the time Jerry Colangelo, USA Basketball's managing director, required of them for the 2008 Games and are now free to enjoy their summers.
Mike Krzyzewski, head coach of the USA team, second from left, talks with Carmelo Anthony of the Denver Nuggets during a news conference in Chicago where the U.S. Olympic basketball team was announced Monday, June 23, 2007. Anthony and Dwyane Wade, right, of the Miami Heat were among the 12 players selected. At left is Jerry Colangelo, managing director of USA Basketball.
Mike Krzyzewski, head coach of the USA team, second from left, speaks during a during a news conference in Chicago where the U.S. Olympic basketball team was announced Monday, June 23, 2007. Looking on at left are Jerry Colangelo, managing director of USA Basketball, and two of the 12 players selected, Carmelo Anthony, of the Denver Nuggets, second from right, and Dwyane Wade of the Miami Heat.
In this April 16, 2004 file photo, Steve Kerr addresses a news conference as Phoenix Suns chairman and CEO Jerry Colangelo listens regarding the plan for the Suns' ownership transition. Kerr will be hired as president and general manager of the team, a person with knowledge of the hiring said Thursday.
Jerry Colangelo, chairman of the NBA's Phonex Suns and former owner of both the basketball Suns and baseball's Arizona Diamondbacks, is seen in a file photo from May 17, 2005, in Phoenix. Colangelo confirmed Wednesday, Nov. 22, 2006, that he is interested in buying the Chicago Cubs baseball team if the Tribune Co. puts the team up for sale. (AP Photo/Will Powers, File)
Phoenix Suns' Georgi Glouchkov, right, grabs a rebound as Boston Celtics' Scott Wedman looks on, during an NBA basketball game in Boston, in this Nov. 8, 1985 photo. Former Phoenix Suns general manager Jerry Colangelo made history 21 years ago when he made the 'Balkan Banger,' Georgi Glouchkov, the first foreign-born player in the NBA. (AP Photo/Dave Tenenbaum, File)
Bryan Colangelo and his father, Jerry, pose with Bryan's NBA General Manager of the Year Award at America West Arena in Phoenix, in this May 17, 2005 file photo. Former Phoenix Suns general manager Jerry Colangelo made history 21 years ago when he made the 'Balkan Banger,' Georgi Glouchkov, the first foreign-born player in the NBA.Now Jerry's son, Bryan, is making history with the Toronto Raptors _ drafting a European with the No. 1 pick and hiring a European executive in a senior role _ both firsts in the NBA. (AP Photo/Will Powers)