Coach K to step down as USA Basketball coach after 2016 Olympics

Next summer's Olympics in Rio de Janeiro will be Mike Krzyzewski's last as coach of the U.S. men's basketball entry, he told ESPN's Andy Katz.

"I think it's time to move ahead. During the next season there will be a number of decisions made about the future of USA Basketball with Rio and coaching," the Duke coach told ESPN. "There has to be a succession ... a planned succession with really good people so we can keep the continuity of the program going.''

Coach K was given the full-time post by USA Basketball in 2005, in the wake of an embarrassing third-place finish at the 2004 Summer Games. Prior to that, U.S. teams competing at the highest-level tournaments such as the Olympics and World Championships were overseen in one-off scenarios by various NBA coaches. At the same time, USA Basketball chair Jerry Colangelo asked NBA superstars to commit to the program for three years at a time.

Since then, Krzyzewski has amassed a 75-1 record as coach, with two Olympic gold medals and two FIBA World Championships. And as always, the United States will be heavy favorites next summer in Brazil.

Krzyzewski, who turns 69 in February, said in July that he has no plans to retire from Duke - where he just won his fifth national championship - anytime soon. He didn't offer any speculation as to who may replace him at USA Basketball, but said that international experience should be a factor.

Krzyzewski has had an all-star roster of assistant coaches during his time with the national program, including names such as Tom Thibodeau, Mike D'Antoni, and Jim Boeheim.