Team USA will on Tuesday formally announce the release of Washington Wizards guards John Wall and Bradley Beal and Atlanta Hawks forward Paul Millsap from its FIBA World Cup roster, sources with knowledge of the moves say.

USA Basketball has scheduled a Tuesday 2 p.m. ET teleconference so chairman Jerry Colangelo and coach Mike Krzyzewski can make the roster moves official.

Yahoo! Sports earlier reported the three cuts Monday night, which will reduce the overall number of players vying for the 12-man World Cup team to 16 entering next week's resumption of practices in Chicago.

After the devastating leg injury suffered Friday night by Indiana's Paul George, there are only five players among the final 16 who are widely regarded as shoo-ins for the plane that leaves for Spain on Aug. 23: Oklahoma City's Kevin Durant, Houston's James Harden, New Orleans' Anthony Davis, Chicago's Derrick Rose and Golden State's Stephen Curry.

The other 11 players competing for the final seven slots are guards Kyrie Irving (Cleveland), Damian Lillard (Portland), Kyle Korver (Atlanta), DeMar DeRozan (Toronto) and Klay Thompson (Golden State); forwards Chandler Parsons (Dallas), Kenneth Faried (Denver) and Gordon Hayward (Utah); and centers DeMarcus Cousins (Sacramento), Andre Drummond (Detroit) and Mason Plumlee (Brooklyn).