The 2016–17 Úrvalsdeild karla was the 66th season of the Úrvalsdeild karla, the top tier men's basketball league in Iceland.

The season started on 6 October 2016 and ended on 30 April 2017.

KR won its fourth title in a row by defeating Grindavík 3–2 in the Finals.

[1] The participating teams first played a conventional round-robin schedule with every team playing each opponent once "home" and once "away" for a total of 22 games.

The top eight teams qualified for the championship playoffs whilst the two last qualified were relegated to Division 1.