All credit goes to supermati, nico1270 & Karaski for this roster, I helped with some of the jersey designs.
To follow their work go here — http://www.operationsports.com/forums/nba-2k-basketball-rosters/891675-nba-2k17-fiba-2016-rio-olympics-2016-a.html
Enter MyLEAGUE mode and start a new franchise.
Select the MyLEAGUE mode.
Press Triangle to load the roster and search the online ID nico1270 and select the FIBA 2016 roster. Press start in regular season.
Move to each box and put the correct teams in their right location. Look at the above image to see what teams go where. Press done when you have everything set.
Season: 35 (or 70 Games if you prefer)
Simulated Quarter Length: 10 Minutes
Playoff Rounds: 1 game
Finals: 1 game
Negotiated Contracts: OFF
Trade Logic: OFF
Progressive Fatigue: ON
Make sure you press done so your settings can save.
Press triangle to select all teams and then press advanced.
Now it’s time to rebrand all 36 teams using the download team design feature. Start with 76ers and move along as you download the designs. (To change teams, scroll to the right with the right stick.)
Press circle and scroll over to the Team Relocation tab.
Move down and click Upload/Download Team Design.
Click download team designs.
Press triangle to search by keyword and enter nico1270 and press start. Find the blank fiba design (make sure the creator name is nico1270) and click see other designs by the creator.
Using the image below find out what country goes with the team you’re rebranding. Example: the 76ers are the Domincan Republic.