With less than five months to go before the 2016 Olympics, FIBA has announced the grouping and schedule for the upcoming Games.

Australia and a to-be-announced team will kick things off on August 5. Team USA and its ridiculously talented talent pool got the luck of the draw, ending up in Group A, along with Australia, China, Venezuela and two teams that will qualify after playing in tournaments in early July.

Group B has perennial powerhouses Spain, Argentina, Brazil, Lithuania and Nigeria and another team that will qualify in early July.

Jerry Colangelo, head of USA Basketball, recently told Yahoo Sports that he plans to announce the 12-man roster for the Olympics some time between June 26-28.