The 2016 Olympics will be Mike Krzyzewski's final coaching assignment for USA Basketball.

"It is. It definitely is,'' Krzyzewski told ESPN about this being his last stint as head coach with USA Basketball. "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 [the roster] and coaching.

"There has to be a succession ... a planned succession with really good people so we can keep the continuity of the program going.''

A succession plan to replace Krzyzewski will be put in place before the Games next summer.

"Hopefully we can finish things up well with Rio and I would move onto something else with USA Basketball,'' Krzyzewski said. "But I think we're ready as an organization to do that, and I'm excited about the future because [of] what we've done over the last 10 years."