London Live: Day 16

Join us for Grandstand's coverage of the last day of the London 2012 Olympics including the men's basketball final.

After 19 days of thrilling competition and with over 250 gold medals handed out to Olympic champions, competition at the London 2012 Olympic Games has come to an end.

For Australia, it was an Olympics that saw triumph and heartbreak - the nation held its breath with hurdler Sally Pearson as she waited for a photo finish to confirm her status as an Olympic champion.

Similarly, we watched in despair as James 'Missile' Magnussen came heartbreakingly close to Olympic gold in the 100m freestyle.

As always, however, Australia's athletes gave their all. And no matter what colour the medal or what position they finished, they made Australia proud.

Look back on the highlights from the last day of competition, including the men's marathon which was won by Uganda's Stephen Kiprotich and the men's basketball gold medal match where the US Dream Team beat Spain 107-100.

3:12am: And that is all she wrote, folks. The final event at the London 2012 is over, with Lithuania's Laura Asadauskaite crossing the finish line first in the combined running and shooting event to cap off a gold medal performance in the women's modern pentathlon.

Great Britain's Samantha Murray, 22, took out silver in front of a raucous home crowd and Brazilian Yane Marques took the bronze.

Australia's Cloe Esposito capped off an excellent Olympic performance by climbing nine places in the final event to finish 7th. Well done Cloe, great effort!

3:06am: AOC president John Coates tells the ABC's Matt Wordsworth that the Olympic committee had predicted that Australia would take 35 medals at London. As it turns out, they were spot on - only they thought more of those medals would be gold.

"There has been a strong correlation between benchmarking; that is, [comparing] the medals we win in the year prior to the Olympic Games with the actual Games," he said.

"So in 1999 benchmarking - using world championships or the best equivalent - we had 60 medals. In 2000 we had 58.

"We benchmarked 50 for Athens and ... we were spot on.

"We benchmarked 44 for Beijing and got 46 and here we benchmarked 35 and got 35."

Read the story .

3:03am: Cheers Andrew and good morning sports fans - Matt Grimson here to lead you through to the finish line. And what a short dash it will be. The last leg of the women's modern pentathlon in now underway, with the ladies competing in the combined running and shooting event. Australian Cloe Esposito started the race in 16th but is looking to make her way up the leader board. Come on Cloe!

2:51am: Well we are winding down to the end of competition for the Games of the XXX Olympiad in London. There is only one more event to be finalised before the Closing Ceremony, that of the women's modern pentathlon. The final combined event will take place at 3:00am (AEST). In the meantime, my name is Andrew McGarry and it has been a pleasure to blog for you over the two weeks of the London Games. I am handing over to Matt Grimson to take you through the rest of Day 16. Good night.

2:46am: In the final two wrestling events on the Olympic program, Japan's Tatsuhiro Yonemitsu defeated India's Sushil Kumar 3-1 to win the men's 66kg Olympic title. Kazakhstan's Akzhurek Tanatarov and Cuba's Livan Lopez Azcuy took the bronze medals. In the men's 96kg freestyle competition, Jacob Varner of the United States took gold, with Ukraine's Valerii Andriitsev the silver and Georgia's George Gogshelidze and Uzbekistan's Kurban Kurbanov the bronze medallists.

2:37am: In water polo, Croatia has beaten Italy 8-6 to win the gold medal in the men's competition, while Serbia defeated Montenegro 12-11 to take the bronze medal. Hungary beat Spain 14-8 to finish 5th and sixth respectively. Earlier, Australia withstood a frantic finish from the United States to win 10-9 and finish seventh in the competition.

2:30am: In the sporting event with the highest celebrity presence - both on and off the court - the U.S. Dream Team has won the men's basketball crown, defeating Spain in the decider.

2:17am: We have a story on the handball gold medal final, where France beat Sweden 22-21 to retain the Olympic title, clinching gold with the last shot of the game.

2:15am: The riding section of the modern pentathlon has been completed, and Chloe Esposito finished a creditable eighth - scoring 1156 points - to improve her overall position. The Australian now lies in 16th place, and will start the final combined event 40 seconds behind leader and pre-competition gold medal favourite Laura Asadauskaite of Lithuania. A medal is probably a long-shot at this stage, but it is a proud day for the Esposito family, as Chloe follows in the footsteps of her father Daniel, who represented Australia in modern pentathlon at the Los Angeles Games in 1984.

2:09am: The top-scorers in the Olympic final were Kevin Durant with 30 for the United States and Pau Gasol with 24 points for Spain.

2:01am: It's a Dream finish for the United States, who clinch their fifth Olympic title in six Games, beating Spain 107-100. Not a Dream performance from Kobe and Co, but they did what they had to when required. One feels that it's advantage to Magic Johnson and the original Dream Team for now.

1:57am: That's it, another basket and an 11-point lead. The Americans have held their nerve admirably. It's going to be a repeat of Beijing, when the U.S. beat Spain for gold. 1:54am: That is a bridge too far, one feels. The Spanish have put up a brave resistance, but it seems the title is going States-side.

1:53am: Oh dear - where was the Spanish defence? They all went one way and LeBron James went the other. An easy basket, and the Dream Team is up by eight ... until one of the Gasol brothers gets one back. Now LeBron takes charge with a three, and the U.S lead by nine, 102-93.

1:50am: It's not over yet, the Spanish are back to six points down with three and a half minutes left. Hmm ....

1:47am: As they might say in the Tour de France, the elastic is about to snap at the basketball. Spain has held the Dream Team for three and a half quarters, but the U.S. are now up by eight points, 95-87, with five minutes left. It will need a mighty effort from here.

1:41am: A result in the men's handball - France has defended its Olympics title, beating Sweden 22-21 in a nailbiter gold medal match. Well done, Les Bleus.

1:38am: A poor start to the final quarter for Spain - a basket to Le Bron James and a three-pointer to Chris Paul has kicked the U.S. six points clear.

1:35am: Spain have a lot to thank Oklahoma Thunder's Serge Ibaka, who has stepped up after Marc Gasol got himself in early foul trouble.

1:34am: Did anyone say grandstand finish? The third quarter was split 24-24, to leave the Dream Team ahead by just one point at the final break, 83-82. Kevin Durant has 27 points for the United States and Pau Gasol has 23 for Spain. Hold on to your hats, it's going to be an amazing finale!

1:30am: In rhythmic gymnastics, the Russians have gone one-two in the women's competition, with Evgeniya Kanaeva winning her second consecutive gold medal, and Daria Dmitrieva taking silver. Liubou Charkashyna of Belarus picked up the bronze medal.

1:24am: It's tense stuff at the basketball - the Dream Team just executed a perfect alley-oop to Le Bron James for a great basket, but Spain went straight down the court to score. With four minutes left in the third quarter, the United States leads by just two, 73-71.

1:18am: Britain's Anthony Joshua has sent the crowds home happy at the boxing, beating Italy's Roberto Cammarelle in the gold medal match of the super-heavyweight division.

1:15am: On this final day of competition in London, ABC Grandstand has put together a highlights package of Australia's medal-winners at the Olympics. You can check it out here:

1:08am: Chloe Esposito has completed her riding section of the modern pentathlon. The Australian had two fences down out of the 12-fence course, and picked up four time faults after exceeding the 75 second time limit. This gave Esposito 44 penalty points, but was a good round on a difficult course on a horse she had never ridden before! Now she has to wait for the second group of riders - which contains the competition leaders - to see how much of a start she will have to give the rest of the field in the combined event, which starts at 3:00am (AEST).

1:01am: This is VERY interesting at the basketball! At half-time in the gold medal game, the United States is just one point in front of Spain, 59-58. The Americans were outscored 31-24 in the second stanza, and what was seen as a coronation of the Dream Team is a far closer affair than expected. The U.S. are still favourites, but they are being made to work hard for the title.

12:49am: The men's handball competition has reached a crucial stage - Croatia defeated Hungary 33-26 in the bronze medal game, but the gold medal game is a much tighter affair. At half-time in the final, the score is France 10, Sweden 8.

12:43am: It's a cracking gold medal game at the basketball, with the United States leading Spain 48-44 with five minutes left in the first half. Spain has got foul problems, however, with guard Marc Gasol already on four fouls.

12:40am: And it's another gold to Great Britain, this time at the boxing. In the last fight of the boxing program, British super-heavyweight Anthony Joshua has defeated defending champion Roberto Cammarelle, setting off ecstatic scenes at the ExCeL Arena. That makes it 29 gold medals for the British team, easily third on the gold tally. Earlier, British welterweight boxer Freddie Evans lost to Serik Sapiyev from Kazakhstan in the gold medal bout.

12:24am: What an amazing comeback at the volleyball!!!! The Russian team looked down and out at two sets to nil down, but the team hung on and fought back to force a deciding fifth set, which they have just won 15-9, sparking loud celebrations. The Brazilians are devastated, like the men's footballers they will be seeking revenge in Rio de Janeiro in 2016.

12:20am: There was an early scare for the Dream Team at the basketball, when Spain drained a couple of three-pointers to go ahead 12-7 in the first quarter, but since then normal service has resumed, with the U.S. now up by 25-16 with three minutes left in the term.

12:14am: In mountain biking, Australia's Daniel McConnell finished in 21st position in one hour 33 minutes 22 seconds, 4:15 behind winner Jaroslav Kulhavy of the Czech Republic.

12:09am: First quarter at the men's basketball, and the United States lead Spain 7-6 with eight minutes left in the term.

12:07am: Australia's Chloe Esposito is scheduled to ride in the third leg of the modern pentathlon at 12:58am (AEST). She will need close to a clear round to get into the mix for the medals, but it's not an impossible dream.

12:03am: We have got a ripper of a finish at the volleyball, with Russia taking the fourth set 25-22 to level the match two sets all against Brazil. Game on!

12:01am: A fantastic finish in the men's mountain bike race, with world champion Jaroslav Kulhavy of the Czech Republic winning the gold medal by a couple of bike lengths from Swiss rider Nino Schurter and bronze to Italy's Marco Aurelio Fontana.

11:53pm: It's nearly Dream Time in London ... the United States will take on Spain for the gold medal in men's basketball in a few minutes time. Will Kobe, Le Bron and co put down their marker as a better Dream Team than the original 1992 version? They'll have to put together a big performance to do that.

11:51pm: Some news from the Australian Olympic Committee ... eight Australian athletes have been added to the AOC's Athletes Commission - rower Kim Crow, pole vaulter Steve Hooker, cyclist Anna Meares, gymnast Lauren Mitchell, cyclist Stuart O'Grady, rower James Tomkins, kayaker Ken Wallace and diver Loudy Wiggins.

11:34pm: An update on the men's volleyball - Italy beat Bulgaria 3-1 to take the bronze medal, and now Brazil and Russia are battling it out for the gold medal. The Brazilians won the opening two sets and had match point in the third, before Russia fought back to win 29-27 and take the match into a fourth set.

11:22pm: Malcolm Page has given an insight into his preparations for carrying the Australian flag at 6:00am (AEST) tomorrow:

“I have been doing a bit of training with a broom. One of my mates got the video camera out and got me going. Left and right handed. The problem is I have not really walked with it yet. Knowing me I have got two left feet so I will trip over and embarrass myself.”

Sounds like it could be an interesting lap of the Olympic Stadium in the morning! Page has confirmed the rest of the sailing team will be right behind him as well:

“They will be and I have asked my team, our great team that did so well this week to be right behind me and to walk with me. Although my sailing partner is threatening he might trip me up, but we will see how we go.”

11:07pm: The last cycling race of the Olympics is underway at Hadleigh Farm. The men's mountain bike cross-country race has gone through 12.4km and Swiss rider Nino Schurter leads from Czech Republic's Jaroslav Kulhavy and Italy's Marco Aurelio Fontana. Australia's Daniel McConnell is in 27th position, two minutes 20 seconds back from the leaders.

10:52pm: Uganda's Stephen Kiprotich has won the men's marathon in London.

10:49pm: Esposito will need to make up some more ground in the riding section to be in contact with the leaders for the final combined event (running and shooting). She is a strong runner, and is a good shooter - her sister Emily is a pistol shooter who missed out on an Olympic spot for Australia in London. If she gets within 20 seconds of the leaders before the final event she could be a chance of a medal.

10:45pm: An update from modern pentathlon - Australia's Chloe Esposito had a much stronger swimming leg, as expected. She finished fifth in two minutes 12.28 seconds, worth 1216 points. After two events she has moved up to 21st position, 45 seconds behind leader Adrienn Toth of Hungary.

10:29pm: Earlier, Russia beat Argentina 81-77 to win the bronze medal in the men's basketball.

10:26pm: Michael Shelley's official time was 2:14:10, while Martin Dent came home in 28th place in a time of 2:16:29, and Jeff Hunt finished in 63rd place in 2:22:59.

10:16pm: An excellent run by Australia's Michael Shelley, who has come through in 16th place in a time of 2:14:09. Well done, Michael.

10:11pm: Stephen Kiprotich runs down The Mall to the finish, and is roared on by the crowd as he crosses the finish line to take the gold in two hours eight minutes one second. Kenya's Kirui is second in 2:08:27 and Kenya's Wilson Kipsang Kiprotich is third in 2:09:37.

10:07pm: There's one kilometre to go, and Uganda's Stephen Kiprotich appears to be cruising to victory. Not taking anything for granted here, but he has a gap of 100m on Kenya's Abel Kirui.

9:56pm: Oh dear, never assume folks ... no sooner had I written off the Ugandan, Stephen Kiprotich, than he has found his legs and raced past the Kenyan pair. He has opened up a 50m lead with a little over four kilometres to go. This would be a huge upset!

9:52pm: Back to the marathon, and the leaders are coming to Tower Bridge with less than seven kilometres to go to the finish. Kenya's Abel Kirui and Wilson Kipsang Kiprotich are in front, with Uganda's Stephen Kiprotich in third a few seconds back. These three look like the medallists, the question seems to be which Kenyan will win the gold.

9:49pm: Wow! What a finish! Russia's Alexey Shved made a clutch three-pointer to give Russia the lead with 37 seconds left, then Argentina put up a three-pointer which missed. The Russians tried to wind the clock down but Argentina got a steal with nine seconds left, then they immediately turned it over, and Vitaliy Fridzon waltzed down the court for the easiest medal-winning basket in history. All over- Russia 81, Argentina 77. A cracking game.

9:43pm: Russia's Vitaliy Fridzon makes two free throws to give Russia back the lead, then Ginobili scores a diving layup basket to make it 77-76 to Argentina. Russian time out - 43 seconds left!

9:40pm: Pressure! Carlos Delfino misses his first free throw but bags the second and Argentina are up by one with a minute to go.

9:37pm: There are less than two minutes left, and it's Argentina 74, Russia 72.

9:35pm: It's getting down to the pointy end at the basketball, and Argentina's Andres Nogioni and Manu Ginobili have just made back-to-back three pointers to put their side up by one with less than three minutes left!

9:28pm: Australian men's water polo coach John Fox and players Billy Miller and Sam McGregor have spoken after Australia's victory over United States. First, some reaction from Fox:

"We were so close and we know that we can match the best teams in the world. Although the overall result (seventh) is disappointing, the improvements which we have achieved are satisfying. We should use this Olympics as a launch pad for the following years."

Miller was a perennial scoring threat for the Sharks during the competition:

"It is always a relief to win the last game and end on a high, but we wanted to do that for the older boys in the team like Tom (Whalan) and Gavin (Woods)."

Finally, some words from McGregor, who seems to have enjoyed his Olympic experience:

"It's an honour to play in every game that I play for Australia and I always give it my best. Being able to play with these guys, it's a pleasure.

"It's been fantastic. Even the weather's been good."

9:18pm: The marathon has reached the halfway stage, and unsurprisingly it is a Kenyan runner in front. Wilson Kipsang Kiprotich has a 16 second break on the field. He went through 20km in a tick under an hour, which is impressive, and at halfway he clocked one hour three minutes 15 seconds. This puts him almost exactly on pace to equal the Olympic record of 2:06:32, but he will need to get a move on to endanger the world record, which stands at 2:03:38. Australia's three runners are well down the field, with Michael Shelley nearly four minutes down on Kiprotich at halfway, and Jeff Hunt and Martin Dent a further minute in arrears.

9:05pm: It's a close one at the basketball - there are just under five minutes left in the third quarter, and Russia now leads Argentina by 49-48. Russia's leading scorer is Andrei Kirilenko with 13 points and Argentina's Andres Nocioni has 12.

8:43pm: A dramatic finish at the water polo! Australia had a seemingly unassailable lead after Richie Campbell's goal put them up 9-5 with six and a half minutes left. A goal to American player Ryan Bailey was then matched by another goal to Campbell with four minutes left to make it 10-6. It remained that score with just over a minute to go, and then suddenly the United States team decided to go for broke - a goal to Bailey was followed by another to Peter Varellas, and then Jesse Smith scored a third with seven seconds left before time ran out to give the Australians a 10-9 victory. A close shave, that. Well done to the Sharks, who finish the Olympic water polo tournament in seventh position.

8:23pm: Later tonight the United States will play Spain for the gold medal in men's basketball. Right now the bronze medal game is underway between Russia and Argentina - with nine minutes left in the second quarter, the Argentinians are up by 25-21.

8:13pm: Australia's men's water polo team are playing their final match of the Olympics, a classification match against the United States to decide seventh and eighth positions in the tournament. Australia started well, leading 3-1 after the first quarter, then split the second quarter with the Americans 2-2, and scored another three goals to the Americans' one in the third term. The final quarter has just started and the Americans have got an early goal back, but Richie Campbell has just responded with his second goal of the game, and the Sharks lead 9-5. Billy Miller is the star for the Australians with a hat-trick.

8:00pm: The men's marathon is just about to start, with Martin Dent, Jeff Hunt and Michael Shelley carrying Australia's hopes.

7:44pm: The first round of modern pentathlon is complete, and Chloe Esposito has 736 points after coming joint 28th with 14 wins and 21 losses. The leader, Elena Rublevska of Latvia, earned the maximum 1000 points for winning the event, with 25 wins and 10 losses. Esposito will be hoping to make up some ground in her much stronger swimming event, which starts at 9:35pm (AEST).

7:35pm: Gutsy work from Chloe Esposito, she has split her last ten bouts at the fencing, and now sits in 28th place with 13 wins and 20 losses. Remember, the way modern pentathlon works is that after the first three rounds, the points difference between an athlete and the leader is divided by four to give the number of seconds start the leader has in the final combined event. Every win at this early stage could be crucial at the finish.

7:21pm: A quick update from the men's volleyball - the bronze medal match between Bulgaria and Italy is in the second set, with Italy leading 1-0, and the score is 20-20 in the second. Australia's Volleyroos pushed Italy to five sets in the preliminary round, before beating world number four Poland. Italy's subsequent performance should give the Australians even more pride in their showing in London, and says there is plenty to build on for Rio in four years' time.

7:08pm: Esposito has a handful of bouts left, and she needs some more wins to keep here in the picture. Fencing is her worst discipline - at an event earlier this year she fought while jetlagged and came dead last in the fencing, but rebounded to win the second swimming leg and finished the event in eighth place. If she can sneak a few more places in the first leg today, then she is still a chance of a medal.

6.45pm: Chef de mission Nick Green is currently addressing the media for the last time during the Games:

"As we move forward to Rio we have an exciting future."

6.40pm: Esposito's fall continues, admittedly in her weakest event, she now stands joint 30th with 8 wins and 15 defeats.

6.20pm: The news from the intriguingly named Copper Box is not getting any better for Australia in the modern pentathlon's first event. Chloe Esposito is now in joint 28th with 6 wins and 11 defeats as we move into the second half of the event. The battle at the top looks to be between Elena Rublevska of Latvia and Adrienn Toth of the mighty Magyars - both have won 15 bouts so far.

5:55pm: I'm Ciaran Baynes and I'll be keeping you up-to-date with all the early action in London.

It's been an early start for the female modern pentathletes and it has not been the best one for Australia's last medal hope Chloe Esposito who has lost seven of her first 13 fencing bouts and currently lies 26th out of 36.

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