Hall of Famer Grant Hill will succeed Jerry Colangelo as the managing director of the U.S. men's national team, USA Basketball's board of directors announced Saturday.

Colangelo, 81, has held the position since 2005 and is retiring after the upcoming Tokyo Olympics.

Hill, 48, played 18 seasons in the NBA and was a member of the gold medal-winning U.S. squad — dubbed Dream Team II — at the 1996 Summer Games in Atlanta.