The USA Basketball press conference is available online.

From the ESPN article:

I think Geno's been tremendous with our game here in the states. He's won, he's won a lot. His record speaks volumes. When the committee decided to go on that, he was the top choice," she said.

Auriemma is likely to be reunited with several of his former players on the national team, including Diana Taurasi and Sue Bird, who both won gold medals in China.

"I trust him completely, and know he's going to have us playing at our best and keep the USA Basketball tradition going," Bird said in a statement. "I also know we're going to enjoy the entire experience with him in charge because there is no one better at being serious when it's time to be serious, but also no one better at having fun when it's time to have fun."