Updated

One of the problems with playing a team sport in the Olympics is that you really only have one chance to win a medal. If you're LeBron James, you can't possibly win as many events as Michael Phelps, because Phelps just has so many more chances. It's not your fault; it's just reality.

At least it's reality now. Soon, there's a chance that James could be eligible to win a second gold medal ... in 3 on 3 basketball.

Via USA Today:

What's not to like about this? There are more obscure events in other sports that are already part of the games, so is it really that farfetched to do a 3 on 3 tournament? Why not give the top basketball players in the world another chance to win a medal?

And then, there's this:

That's "team," not "teams," which means that only three of the top US basketball players will earn their spot to the games. This opens up all sorts of avenues for politicking to come into play. How will the CAA guys (LeBron, Chris Paul, Dwyane Wade, Carmelo Anthony, etc.) decide which three guys will play together? Who will Kobe Bryant find to team with himself and Dwight Howard? Will he even want to team with Dwight Howard? Would all the Kentucky/John Calipari guys try to join forces?

So many questions, so many possibilities. In case it wasn't clear, I'm all for this.