Mike Krzyzewski: 'It's been an honor'

Duke coach Mike Krzyzewski will not return to coach USA Basketball after the Blue Devils' season, he said Tuesday.

Talking in a phone interview with ESPN Radio's "Mike & Mike in the Morning", Krzyzewski said USA Basketball will likely name his successor this summer in preparation for the 2014 world championships in Madrid.

"I've loved, loved, loved, and it's been an honor being with the USA Basketball team," Krzyzewski said. "And to coach the team and work with [chairman and president Jerry Colangelo] for seven years has been marvelous.

"And we're in a good spot," Krzyzewski added. "We need to keep building."

Krzyzewski was hired by Colangelo in the wake of the team's disappointing sixth-place finish at the 2002 worlds in Indianapolis and a bronze medal at the 2004 Olympics in Greece.

Under Krzyzewski, Team USA beat Spain in consecutive Olympic finals, in Beijing in 2008 and London in 2012. His U.S. team won the 2010 world championship in Turkey without a single Olympian on the roster.

Duke is 24-3 and was ranked No. 3 in the AP's latest Top 25 poll on Monday.

Information from ESPN.com senior writer Marc Stein was used in this report.