Here are the basketball teams that have already qualified for the 2016 Rio Olympics,Yea Nigeria Dey There Too

The Rio Olympics are right around the corner. In less than a year, the biggest sporting event in the world will kick off, gathering elite athletes in every discipline, including basketball.

The U.S. has already secured a spot in the tournament thanks to winning the 2014 FIBA World Cup in Spain. Brazil is in as host nation. The rest of the world, however, will have to compete in regional tournaments to qualify. We already know the winners of FIBA Oceania and AfroBasket, so there are only eight places left.

Regardless of which teams end up completing the field, USA Basketball will be the favorite to win it all. Since Mike Krzyzewski took over the team in 2006, they have lost only once in international competition and won gold at the past two Olympic Games. There are, however, some rising squads boasting NBA talent that could make it interesting.

Let's see who has already qualified and which spots are still open.

Already qualified to the 2016 Rio Olympics:

USA: America dominated the FIBA World Cup to earn a spot in Rio despite not coming with some of the game's biggest stars. After stumbling in 2004, the U.S. bounced back to reclaim its place as the basketball power in the world by winning the next two Olympics. They are expected to make that three in a row.

Brazil: The host nation didn't know whether it had a guaranteed spot until a few weeks ago, but FIBA granted the request. With plenty of NBA talent at its disposal and the support of its people, Brazil could make a run at a medal.

Nigeria: The winners of AfroBasket will play in the Olympics for the second time in a row. They beat the traditional African powerhouse, Angola, thanks to contributions from Trail Blazer Al-Farouq Aminu and tournament MVP Chamberlain Oguchi.

Australia: The Boomers beat New Zealand to earn their spot in Rio. Australia has not missed an Olympics game in men's basketball since 1968 and have steadily improved, becoming a respectable squad that could soon have medal aspirations.

Spots still left:

The FIBA Americas Championship currently taking place in Mexico will qualify two teams to the Olympics. Argentina will face Mexico, while Canada will go against Venezuela in the semifinals on Friday. The winners of those games will earn their places in Rio.

EuroBasket is currently in full swing. The top two teams will qualify to the Olympics directly. Every traditional powerhouse is in contention to make it except for Russia and Germany, who were eliminated in the group stage. The knockout stage begins on Sept. 12.

The FIBA Asia Championship will send its champion to the Olympics. The regional tournament will be held in China starting on Sept. 23. Sixteen teams will participate but the winner will likely be one of China, Iran or the Philippines.

The FIBA World Olympic Qualifying Tournament is the last chance for squads that didn't earn a direct bid through regional competition to qualify to the Olympics. Teams that finish third through seventh in EuroBasket, third to fifth in FIBA Americas, and second to fourth in Asia Basket will join New Zealand, Angola, Tunisia, Senegal and Puerto Rico in a battle for three spots. The FIBA World Olympic Qualifying Tournament will start on July 5, 2016.