The Olympics have been postponed. So what happens next?

The inevitable is now official.

At long last, the International Olympic Committee and Japanese government announced Tuesday that the 2020 Tokyo Olympics will be postponed to the spring or summer of 2021 due to the coronavirus pandemic. 

It is the first time in modern Olympic history that the Games have been postponed.

The official announcement came less than 24 hours after longtime IOC member Dick Pound told Paste BN Sports that the Games would not begin as scheduled in July.

So... now what?

• Here's a look at the widespread impact this decision will have on athletes, the Japanese economy and other key parties.
• Moving the Olympics is a logistical nightmare, and there are still lots of details to be worked out.
• Organizers have not yet set a new date for the Games, but public health experts warn that holding the Olympics too soon could ultimately still contribute to the spread of coronavirus.
• While many athletes believed the Games should be postponed, the news was still disappointing to several Olympic hopefuls in the U.S. 

Here's more of the latest news on the unprecedented move for the Olympics: