Canada has bombed out of the FIBA Americas tournament without a berth in next summer's World Cup.
Three straight losses sealed the men's basketball team's fate.
Leading all game until late in the third quarter, Canada had no answers for Argentina's Luis Scola in a devastating 73-67 loss to Argentina.
Canada bowed out at 3-4 and now faces a potential summer off next year.
The program can still get to Spain next year if FIBA awards it one of four wild card spots.
Brazil, the host of the next Olympics, is expected to claim one of the spots, and Russia and Turkey are front-runners as well. Just to be considered, countries must pay $500,000 to apply and the spots are given based on a number of factors. The two times the system has been in effect, three of the spots have gone to European nations.
On Sunday, Scola, the MVP of this qualifying tournament three times in a row, was masterful. Using a variety of fakes, feints, passing and outside shooting, the Indiana forward absolutely dominated.
Coming off of a tough 81-74 loss to the Dominican Republic a day earlier, Canada got off to a good start and stayed in front until Scola took over, scoring 13 straight points for Argentina at one point.
A three-pointer at the buzzer put Canada down five heading into the fourth and some dubious calls and veteran savvy allowed Argentina to claim the win in the end.