Anderson Varejao is still sidelined with a broken wrist, but hopes to be fully recovered in time to play for his native Brazil at the London Games.

"If I'm healthy, I will play in London," said Varejao, who has been a member of Brazil's national team since 2001.

Varejao suffered the wrist injury in a February game against Milwaukee and his recovery has taken longer than expected.

Jordan Farmar is reportedly near an agreement with the Israeli Basketball Federation to play for Israel in the 2013 European Basketball Championship.

The tournament will take place September 4-22 in Slovenia.

Spain will be a heavy favorite to capture their third consecutive Eurobasket championship.

Andrew Bogut seemed somewhat optimistic when asked about his chances of playing in the London Olympics this summer.

"It's a tough question to answer right now," said Bogut, who is recovering from a broken left ankle. "To be honest, I haven't given it a whole lot of thought. Without talking myself up, I think I'm as professional as they come.

"I have my own workout and training facility in Melbourne, I'd be rehabbing and training like I would for any other event, and we have enough lead-up games to the Olympics to get ourselves ready."

Ricky Rubio has a torn ACL and will miss the remainder of the 11-12 NBA season, according to sources.

An MRI conducted on Saturday confirmed the tear.

Rubio will also miss the 2012 Summer Olympics.

Kyrie Irving said on Tuesday he received confirmation that his college coach, Duke’s Mike Krzyzewski, would return to coach Team USA in four more years.

Krzyzewski and USA Basketball chairman Jerry Colangelo were quoted in a joint statement released by USA Basketball.

"While Kyrie and I have discussed his potential role with USA Basketball in the future, my focus right now is on the remainder of our Duke team's season and the 2012 Olympics," Krzyzewski said. "Jerry Colangelo and I have not discussed anything beyond what is ahead of the USA National Team this summer as we pursue a gold medal in London."

Here's Colangelo's quote:

"There's been no discussion about roles beyond this summer, and it would be premature to do so," he said. "Kyrie is an exciting prospect who is on our radar, and while it is impossible to forecast what will happen in the next couple of summers, I'm sure if he continues to play at the level he is playing at now he will be given serious consideration for future USA Basketball teams."

USA Basketball has named its Junior National Select Team roster for the 2012 Nike Hoop Summit.

The game will take place on April 7th at the Rose Garden in Portland.

On Team USA are Kyle Anderson (St. Anthony H.S./North Bergen, N.J.); Archie Goodwin (Sylvan Hills H.S./Little Rock, Ark.); Gary Harris (Hamilton Southeastern H.S./Fishers, Ind.); Mitch McGary (Brewster Academy/Porter, Ind.); Shabazz Muhammad (Bishop Gorman H.S./Las Vegas, Nev.); Nerlens Noel (The Tilton School, N.H./Everett, Ma.); Marcus Paige (Linn-Mar H.S./Marion, Iowa); Tony Parker (Miller Grove H.S./Lithonia, Ga.); Rasheed Sulaimon (Strake Jesuit College Prep/Houston, Texas); and Kaleb Tarczewski (St. Mark’s School, Mass./Claremont, N.H.).

“Both teams are in a similar situation in this game,” said USA head coach Kevin Boyle (Montverde Academy, Fla.). “The World Team also will have just a handful of practices to come together. Some of our players have played together and played international basketball and some have not. We are going to try and develop our chemistry and our rotation quickly and get our guys to understand their roles. It’s not an all-star game, and we will be playing to win. Not everyone will have the same amount of shots or minutes. It will be whoever is most deserving based on practices and preparation.”

Isaiah Austin, Brandon Ashley, Grant Jerret, Alex Poythress and DaJuan Coleman are amongst the highest rated players who are not part of the roster.

Jay Triano is expected by many in Canada to succeed Leo Rautins as head coach of the national team.

Triano is still technically under contract with USA Basketball.

Canada hasn’t played in any significant event since the 2000 Olympics.

Canada is expected to have a new wave of talent, centered around Tristan Thompson, Cory Joseph and current high school players such as Andrew Wiggins and Anthony Bennett.

Kyrie Irving maintains dual citizenship between the United States and Australia, but he appears destined to join the crowded Team USA field.

Irving will focus on making the 2016 U.S. Olympic team, who he expects to be coached by Mike Krzyzewski.

“It was the right decision,” Irving said. “I found out Coach K would be coaching in 2016. It made my decision so much easier to play for my coach again. That was the deciding factor.”

Jerry Colangelo told ESPN.com on Monday night that the subject of who will coach Team USA in 2016 has not been discussed.

Luis Flores has agreed to terms with Budivelnyk Kiyv.

Flores arrives from Asefa Estudiantes, where he averaged 10.8 points in 16 games in the Spanish ACB league.

He was selected by the Rockets in the second round of the 2004 NBA Draft.

Byron Mullens has acquired a British passport, allowing him to join the Great Britain national team for the London Olympics.

Mullens’ mother hails from Middlesex, which is just outside of London.

Mullens was recruited to play for the British national team by Bulls forward Luol Deng.

“When we played against Charlotte, I spoke to him a little bit and he seemed really excited,” Deng said.