[1] Argentina, led by NBA standouts like Manu Ginóbili and Luis Scola, won the country's first and only gold medal in the event.

The United States team's third-place finish in the men's tournament was an embarrassment for the country that birthed the sport.

The following Summer Olympics, the U.S. was represented by the Redeem Team, sporting an improved roster led by international superstars like LeBron James, Kobe Bryant, and Dwyane Wade, under the coaching of Mike Krzyzewski, and returned the gold medal to America.

Carlos Delfino Gabriel Fernández Manu Ginóbili Leonardo Gutiérrez Walter Herrmann Alejandro Montecchia Andrés Nocioni Fabricio Oberto Juan Ignacio Sánchez Luis Scola Hugo Sconochini Rubén Wolkowyski Roberto Chiacig Luca Garri Denis Marconato Giacomo Galanda Nikola Radulović Alex Righetti Matteo Soragna Gianluca Basile Massimo Bulleri Gianmarco Pozzecco Michele Mian Rodolfo Rombaldoni Allen Iverson Stephon Marbury Dwyane Wade Carlos Boozer Carmelo Anthony LeBron James Emeka Okafor Shawn Marion Amar'e Stoudemire Tim Duncan Lamar Odom Richard Jefferson Shannon Johnson Dawn Staley Sue Bird Sheryl Swoopes Ruth Riley Lisa Leslie Tamika Catchings Tina Thompson Diana Taurasi Yolanda Griffith Katie Smith Swin Cash Alicia Poto Allison Tranquilli Sandy Brondello Penny Taylor Suzy Batkovic Trisha Fallon Kristi Harrower Laura Summerton Belinda Snell Natalie Porter Rachael Sporn Lauren Jackson Olga Arteshina Oxana Rakhmatulina Natalia Vodopyanova Diana Goustilina Yelena Baranova Tatiana Shchegoleva Ilona Korstin Maria Stepanova Maria Kalmykova Elena Karpova Irina Osipova Anna Arkhipova A National Olympic Committee (NOC) may enter just one men's team with 12 players, and just one women's team with 12 players in the regional tournaments.

Tie-breaking criteria: The men's event involved twelve teams split equally into two groups.