USA Basketball announced Thursday afternoon that Jerry Colangelo will step down from the role of chairman of the organization. A new chairman will be elected on November 14.
Colangelo had been in the role since 2009. He officially served two elected four-year terms.
Colangelo continues to serve as a special advisor to the 76ers. His son Bryan is the team's general manager and president of basketball operations.
Jerry Colangelo will continue to work as the managing director of the U.S. men's national team. Among his duties will be helping Gregg Popovich transition into the head coaching role. Mike Krzyzewski departed the position after the Summer Olympics. Krzyzewski will remain a special advisor to the program.
Colangelo's continued role with USA Basketball means he will continue to have roles, however nominal, with USA Basketball and the 76ers at the same time.
Back in April, Yahoo Sports' Adrian Wojnarowski reported the NBA made some moves behind the scenes to limit Colangelo's role with USA Basketball in order to prevent him having unfair influence over players the 76ers might want to sign as free agents.
Wojnarowski reported Thursday that USA Basketball has picked retired Gen. Martin Dempsey, former chairman of the Joint Chiefs of Staff, to be the organization's new chairman.