The first two places in the final round compete for the gold medal, while the third and fourth places compete for the bronze. The remaining teams' group ranking determines their positions in the final standings. The host nation failed to compete for the gold in spite of finishing the preliminary round undefeated, due to losses against the other two group leaders Yugoslavia and especially Italy, since the result from that match served as tiebreaker, giving the latter a passport to the gold medal match. The Soviet Union then won the bronze against Spain. Yugoslavia earned their first gold medal in men's basketball at this Olympic Games.
