LeBron James will skip Rio Olympics, joining a team of stars on the sidelines

Lebron James announced he will not participate in the Olympics this year in Rio De Janeiro.
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Lebron James announced he will not participate in the Olympics this year in Rio De Janeiro.

The U.S. men's basketball team will go without another superstar in Rio de Janeiro this summer.

LeBron James will skip the 2016 Summer Olympics, a representative for the Cleveland Cavaliers forward told CNBC. James, who just won his third NBA title, will sit out to rest his body.

James is just the latest elite NBA player to bow out of the Olympics, following Stephen Curry, Chris Paul and Russell Westbrook. James played in the last three Olympics and won gold medals in 2008 and 2012.

The 31-year-old's agent told the U.S. basketball program's managing director Jerry Colangelo about the decision Thursday, Cleveland.com reported.

James has logged heavy minutes in recent years, rarely missing games while playing in six straight NBA Finals. He just won his third Finals MVP after leading the Cavs back from a 3-1 hole against the favored Golden State Warriors.

James did not cite the Zika virus or political concerns in skipping the Olympics, Cleveland.com said. Some athletes like golfer Rory McIlroy have said they will not compete because of the virus.

—CNBC's Jessica Golden contributed to this report.