Team USA released a statement on Tuesday in response to the announcement by the International Olympic Committee (IOC) that the 2020 Tokyo Olympic games will be postponed until the summer of 2021 due to the coronavirus pandemic.

The statement expressed support for the IOC's decision.

“USA Basketball is in full agreement and support of the decision made by the IOC and the Japanese government to postpone the 2020 Tokyo Olympic Games. The health, wellness, and safety of the world, as well as our athletes, coaches, staff, and fans is USA Basketball's no. 1 priority and this postponement was necessary to ensure that,” the statement from Team USA reads.

On Sunday, the IOC said they would take four weeks to evaluate the situation before making any decision, but longtime IOC member Dick Pound said on Monday that an expedited decision was imminent after the nations of Canada and Australia announced they wouldn't be sending athletes to the games if they did begin as scheduled on July 24.

The USA Olympics and Paralympic Committee (USOPC) issued a statement requesting that the IOC postpone the Olympic games after polling nearly 4,000 American athletes — 93 percent of whom supported a postponement of the festivities.

The games “must be rescheduled to a date beyond 2020 but not later than summer 2021, to safeguard the health of the athletes, everybody involved in the Olympic Games and the international community,” read a statement released by the Tokyo organizing committee with the IOC.

According to ESPN, the cost of the delayed games could be “roughly $12.6 billion, while other experts have put that figure closer to $25 billion.”