The 12-member squad will be led by San Antonio Spurs head coach Gregg Popovich with assistant coaches Steve Kerr, Lloyd Pierce and Jay Wright.
Team USA will begin training camp early next month in Las Vegas ahead of its first match at Tokyo Olympics on July 25 against France.
The Golden State Warriors are battered and injured, but they will play another game in the NBA Finals.
Kevin Durant scored 50 points as the Golden State Warriors defeated the Los Angeles Clippers 129-110 to advance to the Western Conference semi-finals.
The high-flying rookie put out a call over the loudspeaker for the "biggest person in the building" and out strolled the 7-foot-1 O'Neal who is considered one of the greatest players in league history.
Stephen Curry scored 48 points, making 11 3-pointers, and the Golden State Warriors held off the Dallas Mavericks 119-114.
The blockbuster deal means the four-time NBA Most Valuable Player, will now join one of the league's most iconic clubs, adding to the legacy of such legends as Kobe Bryant and Magic Johnson.
The Golden State Warriors became the NBA's first back-to-back champion since 2013 as they claimed their third title in four years.
Golden State's Kevin Durant scored 43 points as the Warriors beat LeBron James and the Cleveland Cavaliers 110-102 in Game 3 of the NBA Finals. With the score in the best-of-seven finals now at 3-0, the Cavs will need to dig deep to avoid a sweep.
Stephen Curry and Kevin Durant combined for 59 points in a wire-to-wire victory over the Cleveland Cavaliers that puts the defending champion Golden State Warriors just two wins away from their third NBA championship in four years.
The NBA's best-of-seven championship was billed as the ultimate grudge match between the league's last two champions. But the Golden State Warriors could close out the Cleveland Cavaliers on Friday to sweep the series.
Golden State Warriors forward Kevin Durant was once again the best player on the court with 33 points, 13 rebounds, five blocked shots and three steals.
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