The 1997–98 Bikarkeppni karla, named Reunault-bikarinn for sponsorship reasons, was the 32nd edition of the Icelandic Men's Basketball Cup, won by Grindavík against KFÍ.
[1] The competition was managed by the Icelandic Basketball Federation and the final was held in Reykjavík, in the Laugardalshöll on 14 February 1998,[2] and was broadcast live on RÚV.
Thirty-four teams signed up for the Cup tournament.