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Australia celebrates victory over China during the Women's Basketball quarterfinal on Day 11 of the London 2012 Olympic Games at the Basketball Arena on August 7, 2012 in London, England.

BASKETBALL: The Australian women’s team closed out their three-game series against China on a winning note, with an impressive 69-59 victory on Sunday night.

Jennifer Screen #6 of Australia shoots under pressure from Zengyu Ma #11 of China during the Women's Basketball quaterfinal on Day 11 of the London 2012 Olympic Games at the Basketball Arena on August 7, 2012 in London, England.

Basketball: The Australian women’s basketball team almost made the perfect start to the Brendan Joyce coaching era, going down 69-64 in a thrilling opener of their three-game series against China in Shanxi.

David Andersen #13 boxes out Jianlian Yi #11 of China in the second half during the Men's Basketball Preliminary Round match on Day 6 of the London 2012 Olympic Games at Basketball Arena on August 2, 2012 in London, England.

The Australian men's basketball team have grabbed a 2-1 series lead over China after a brilliant 68-65 win in Tianjin City

Boomers assistant coach Andrej Lemanis addresses his players during game one of the international friendly series between the Australian Boomers and China at Challenge Stadium on June 9, 2012 in Perth, Australia.

BASKETBALL: New Australian coach Andrej Lemanis has selected a 12-man squad featuring six rookies for Friday night's basketball clash with China at Perth Arena.

Sydney 2000 flag bearer Andrew Gaze poses outside ANZ Stadium as part of celebrations marking the 10th anniversary of the Sydney 2000 Olympics at Sydney Olympic Park Sports Centre on September 15, 2010 in Sydney, Australia. The celebrations included appearances from Olympians & Paralympians, opening ceremony recreation and the re-lighting of the Olympic Cauldron.

BASKETBALL: Basketball Australia today congratulated Andrew Gaze AM on his induction to the FIBA Hall of Fame.

Blaze coach Brendan Joyce coaching the Wollongong Hawks against the Gold Coast Blaze on November 14, 2008 in Wollongong, Australia.

BASKETBALL: Brendan Joyce has been announced by Basketball Australia as head coach of the Australian Opals women's basketball team

David Andersen #13 boxes out Jianlian Yi #11 of China in the second half during the Men's Basketball Preliminary Round match on Day 6 of the London 2012 Olympic Games at Basketball Arena on August 2, 2012 in London, England.

Basketball: In a major coup for Australian basketball, the Australian men’s and women’s teams will play 24 games against China over the next four years – in Perth and China.

Boomers assistant coach Andrej Lemanis addresses his players during game one of the international friendly series between the Australian Boomers and China at Challenge Stadium on June 9, 2012 in Perth, Australia.

BASKETBALL: Andrej Lemanis has been named as the new head coach of the Australian men's basketball team.

Svetlana Radkevich of Belarus competes with Sophie Muir of Australia during the women's speed skating 500 m on day five of the Vancouver 2010 Winter Olympics at Richmond Olympic Oval on February 16, 2010.

FUNDING: Australian national sporting organisations have today learnt their funding allocations from the Australian Government for 2013-14 with Australian Sports Commission (ASC) Chair John Wylie AM announcing the breakdown in almost $120 million in government investment.

Svetlana Radkevich of Belarus competes with Sophie Muir of Australia during the women's speed skating 500 m on day five of the Vancouver 2010 Winter Olympics at Richmond Olympic Oval on February 16, 2010.

FUNDING: Australian national sporting organisations have today learnt their funding allocations from the Australian Government for 2013-14 with Australian Sports Commission (ASC) Chair John Wylie AM announcing the breakdown in almost $120 million in government investment.