The US started planning for this game after that first event, the low point in its hoops history, following a sixth-place flop two years earlier in the world championships. Jerry Colangelo was given control of USA Basketball and constructed a national team program in 2006, requiring those who wanted to play to commit to three years.
He got Bryant and James quickly on board and landed almost everyone else he asked for, finding a group of NBA stars eager to give up their summer to get back what they felt belonged to their country.
And he needed all of them against a Spain team that on this day would have likely beaten any other recent US squad.
Jason Kidd ran his record to 56-0 in senior international play and collected another gold to place alongside the one he earned in 2000, becoming the 13th US player with multiple golds.
That elite list, which includes Michael Jordan and seven other Dream Teamers, could grow in 2012. Paul and Dwight Howard said they would be in London if asked, and perhaps half this team could join them.
James ran out for pregame warmups with his finger in the air, already believing the US was No. 1. But even though the Americans were shooting better than 70 percent for most of the first half, it would take a long time to prove it.
James and Bryant were both on the bench after picking up two fouls in the first 3 1/2 minutes, and though Wade came in and picked up their scoring load, the US resertrailed only 69-61 at the break.
Spain was within four on a number of occasions in the third, and Fernandez's 3-pointer cut it down to 91-89 with 8:13 remaining. Bryant answered with a bucket, later added a 3, and things seemed safe when James scored to make it 103-92.
Spain made one last push to close within 108-104 on Carlos Jimenez's 3-pointer, but Wade hit one on the other end, and the final score became lopsided when the Americans hit a bunch of free throws after the Spanish became frustrated and were called for the technicals.
Argentina won the bronze with an 87-75 victory over Lithuania.