A releasable wheel assembly includes a bracket having a plurality of bosses, each boss including a hole that receives an axle. A pair of wheels are mounted on the axle and a pair of locking caps fit over respective ends of the axle, the locking caps each including a clip for engaging the axle at a circumferential groove to prevent movement of the locking cap along the axle. The wheel assembly can be mounted to a carry bag or other storage unit by mounting the bracket to the storage unit, where the wheels and axle can be easily removed from the bracket.