Carter says "No" to Olympics
"Maybe in 08," Carter said, adding he was also getting married this summer.
"But I'm not going to play this summer. I'm going to take it easy, let my body heal and focus on that. It's tough because it's a wonderful experience but I have my duties here.
"Going through a season like this I need as much rest as possible. It is tough and I have a lot of things going on this summer.
"There are a lot of things involved, security issues ... I just felt it was in my best interest not to go."
Nine of the 12 roster spots on the 2004 edition of what has become known as the "Dream Team" have already been filled by players who qualified at a selection tournament last summer.
However, Bryant, slowed by injury and facing a sexual assault trial did not play in the Olympic qualifier, Carter taking the Los Angeles Lakers all-star's place on the roster.
With Bryant's situation still in doubt, Carter was thought to have a lock on one of the three remaining berths.
O'Neal, who helped the U.S. to gold at the 1996 Summer Games, said earlier that he was not interested in playing in
Athens while Garnett has yet to confirm his interest.
ESPN.com also confirmed that USA Basketball selection committee chairman Stu Jackson said Cleveland Cavaliers high school rookie sensation LeBron James was among a small group of players being considered for the final roster spot.