Updated

Former Toronto Raptors head coach Jay Triano will again guide the Canadian men's national basketball team.

Triano, a three-time Olympian, was also the head coach of the Canadian team from 1998 through 2004. He posted a record of 52-42 and guided the squad at the 2000 Sydney Games.

Canada did not qualify for the 2012 Olympics in London and Steve Nash was selected as the general manager for the national team in May.

"I know that Jay is the right man for this job," said Nash in a statement on Thursday. "He is a confirmed and respected leader in the basketball community and he has the experience and knowledge to lead us toward our goal of becoming one of the leading basketball nations."

Triano played for the Canadian Olympic team in 1980, 1984 and '88. He was the team captain twice.

"Being an athlete on three different Olympic teams was a great honor, but being able to lead 12 players and a dedicated staff to the Sydney Olympics was even more special," said Triano. "I look forward to working with Steve and (assistant GM) Rowan (Barrett) again to put together a staff that will help grow the game of basketball and make our way back to the Olympic Games and prominence on the world stage."

Triano was head coach of the Raptors for two-plus seasons, starting as interim coach in December 2008. He was elevated to full-time head coach following the end of the 2008-09 season and ended his tenure with a record of 87-142.