In an interview Tuesday with ESPN, Colangelo said he is comfortable with the widespread expectation that James is unlikely to make a firm decision about his participation in next summer's Olympics in Brazil until after the upcoming NBA season.
"He will be in town during the course of this week," Colangelo said. "He won't be participating in any practices to the best of my knowledge, but ... he knows he has a [roster] spot.
"If he wants to perform -- and I believe deep down inside he does -- then I would expect that he will be playing for us next summer."
James was not at a team meeting Monday night in advance of Tuesday's first on-court workout, but he will satisfy Colangelo's eligibility requirements for the 2016 Olympic squad as long as he makes an appearance in Las Vegas during USA Basketball's three-day minicamp on the campus of UNLV.
Colangelo has made attendance compulsory in Las Vegas this week for any player wishing to be considered for the 2016 Olympic team, but the two days of scheduled workouts Tuesday and Wednesday and Thursday night's intrasquad scrimmage will all be non-contact.
James is one of three players, along with Carmelo Anthony and David Robinson, to represent the United States in three different Olympic tournaments. Along with Anthony -- who, as ESPN first reported, plans to practice later Tuesday in his formal return from midseason knee surgery -- James thus has an opportunity be a record-setter if he chooses to play on the 12-man squad bound for Rio de Janeiro next August.
Colangelo's message to Team USA basketball
USA basketball chairman Jerry Colangelo speaks to Marc Stein about preparing for the 2016 Olympics in Rio de Janeiro, that he expects LeBron James to play next summer and the return of Kevin Durant and Carmelo Anthony.