The 2016–17 Murray State Racers men's basketball team represented Murray State University during the 2016–17 NCAA Division I men's basketball season.

The Racers, led by second-year head coach Matt McMahon, played their home games at the CFSB Center in Murray, Kentucky as members of the West Division of the Ohio Valley Conference.

7 seed in the OVC tournament, they defeated Tennessee Tech and Morehead State before losing to UT Martin in the semifinals.

They defeated Eastern Illinois in the first round of the OVC tournament to advance to the quarterfinals where they lost to Morehead State.

In a vote of Ohio Valley Conference head men’s basketball coaches and sports information directors, Murray State was picked to win the West Division of the OVC.