If the Cavaliers weren't able to trade for point guard Mo Williams, they planned to try and make a move for restricted free agent J.R. Smith, according to Cleveland Plain Dealer.

Williams was their first choice, but they liked the idea of a sign-and-trade with the Nuggets for Smith as well.

Smith ended up re-signing with the Nuggets for about $16 million over five years.

The Democratic National Convention is being held in Denver and Carmelo Anthony will attend.

Anthony supports Barack Obama and hopes to meet him at the convention at Pepsi Center.

"I support him 100 percent," Anthony said. "I'm not a politician, I can tell you that right now. But I support Barack Obama. That's history, too, for it to go on at the place where I work. I'd love to be a part of that."

The United States may have taken home the gold, but the Spaniards did not simply hand the hardware across to the Redeem Team like most expected.

The United States survived their tightest encounter of the Olympic tournament in the gold medal game, never really shaking a determined Spain team despite not having Raptors' point guard Jose Calderon on the floor.

The Americans had to put on a shooting clinic, finishing the game 13 of 28 (46%) from three-point range and an amazing 71% (13/28) from inside the arc, which in the end proved to be pivotal with Team USA winning the game by only 11 points, 118-107, but the margin was much closer than this for the majority of the game.

Dwyane Wade led the way with 27 points in the game, most of them coming in the first half while Kobe Bryant had 20 to go with 6 assists.

Bryant was particularly excellent in the 4th quarter when the game was tight, including a four-point play that sent Rudy Fernandez to the bench with his fifth and final foul.

For Spain, Juan Carlos Navarro (18 points) was effective, connecting on an array of teardrops inside the key to keep Spain close when the pressure was on while Pau Gasol (21 points, 6 rebounds) and Fernandez (22 points) were again are the forefront for the Spanish.

Spain trailed by only four points, 108-104, with 2:28 remaining in the game, giving the Americans their first real challenge in the fourth quarter of the Olympics.

The Nuggets re-signed restricted free agent guard J.R. Smith to a multi-year deal on Friday, according to an Associated Press report.

The 22-year-old averaged 12.6 points for the Nuggets over the past two seasons.

RealGM Note: Smith was 162nd in season FIC but had a very good 13.4 per 40 FIC (better than off guards like Rip Hamilton and Michael Redd) and 'deserved' to make just over $4 million.

With Team USA struggling to handle Australia in the first half, leading by only one point at quarter time and then by 12 after Deron Williams made a three pointer at the half time buzzer, Kobe Bryant turned up and put his team on his back in the second half, dominating his way to 25 points in 26 minutes to give the United States a 116-85 win.  He sat out most of the fourth quarter.

America will now face the winner of the Argentina-Greece game later today for the right to play off for gold.

After being dominated in the third quarter, the Australians tried to make things respectable in the fourth, keeping pace with the Americans for the quarter until Tayshaun Price (9pts) hit a three for the final score of the game, making the final margin 31 points and giving the U.S. a 27-24 advantage.

LeBron James showed his usual strength when driving to the basket, finishing with 16 points to go with his team high 9 rebounds, while Carmelo Anthony was solid with 15 points in 19 minutes.  Chris Bosh and Deron Williams had 10 apiece.

Just like they did in their pre-Olympic encounter, the Americans once again had trouble with the speed of guard Patrick Mills (20 points), who plays collegiate ball for St Mary's (California).  Joe Ingles, who was a late withdrawal from the NBA Draft in June, made the most of his minutes, scoring 11 points on perfect shooting (3-3 3fg, 1-1 fg) in the fourth quarter after not playing in the first three.  The Australian team lost Andrew Bogut (11mins, 4pts) , who was a non-factor in the first half, early in the third quarter.

Yao Ming, Yi Juilian, and the Chinese National Team officially ended their Olympic campaign on Tuesday night when they were bombarded from long range by a determined Lithuania, eventually losing the game 94-68.

Former Pacer Sarunas Jasikevius was 5-6 from behind the arc on his way to 23 points to pace the Lithuanians, who will now play Spain for the right to challenge for the gold medal.

Yao Ming had 19 points and 7 boards while New Jersey Net forward Yi Jianlian had 11 points and 9 rebounds.

Nuggets' forward Carmelo Anthony is enjoying his Olympic experience so much he's interested in returning for the 2012 Games in London.

"Hell, yeah," he said. "I'll be 27 years old (actually 28)... Depending on what the process is, I am open to 2012. We shall see what the process is."

Forward Linas Kleiza wants to remain with the Nuggets and hopes to sign an extension with the team by the Oct. 31 deadline, according to The Rocky Mountain News.

"Oh, yeah, definitely," he said on Thursday of staying with Denver. "I love being there, so hopefully it will work out."

If he doesn't sign an extension by the deadline, he will become a restricted free agent next summer.

Syracuse Coach Jim Boeheim has ripped the Nuggets for trading center Marcus Camby to the Clippers this offseason, according to The Rocky Mountain News.

"Without Camby, I don't see any way that they can possibly win because he was a key guy for them," Boeheim said. "Believe me, I watched at least 70 games they played, maybe more. And he was a key guy."

Carmelo Anthony, who played for Boeheim for a year and left after winning the national title, has played for the Nuggets all of his career.

"I don't know how you can let Marcus Camby go," Boeheim added. "He was like the heart and soul of that team, when it comes to defense, protecting the basket and rebounding. It's tough to replace him."

Nuggets' forward Linas Kleiza led Lithuania to an upset win over Argentina on Sunday by hitting a three-pointer with 2.1 seconds left on the clock, according to The Denver Post.

"It definitely felt good when it came out," Kleiza said. "It's a good feeling; I'm not going to lie."

Lithuania won 79-75, upsetting the 2004 gold-medal winners.

Sarunas Jasikevicius drove to the hoop and found an open Kleiza behind the three-point line. Carlos Delfino then threw the ball away with less than one second left, cementing Lithuania's victory.