Adrian Wojnarowski of The Vertical reported on Thursday that Jerry Colangelo will step down as the chairman of USA Basketball. The 76-year-old will still reportedly play a role as managing director with the team, however.
Colangelo is largely credited with breathing some life back into the U.S. men’s basketball program after taking a job as managing director in 2005. The team was coming off the incredibly disappointing bronze medal performance at the 2004 Olympics in Athens and was in dire need of a makeover. One of Colangelo’s first moves was to hire renowned Duke head coach Mike Krzyzewski and the two have since helped Team USA to three consecutive Summer Olympic gold medals. USA also took home the gold at the 2010 and 2014 FIBA World Championships. Colangelo has served two terms as the team’s chairman and said he will not seek a third term.
Colangelo’s basketball career started in the 1960s when he served a variety of positions in the Chicago Bulls organization. He left the Bulls in 1968 in order to become the general manager of the expansion Phoenix Suns. He was the youngest general in American professional sports at the time. He would go on to win four Executive of the Year Awards during his lengthy tenure in Phoenix before handing his job as team president over to his son, Bryan. Jerry would return to the NBA in December of 2015 in order to take an advisor role with the Philadelphia 76ers. In April, Bryan was hired as the team’s general manager and president of basketball operations. The senior Colangelo will retain his position with the 76ers.
Krzyzewski is set to step down as Team USA’s head coach and will be succeeded by San Antonio Spurs head coach Gregg Popovich. Popovich will take over when the team comes together for training camp in 2017.