Terrance Bailey (born July 3, 1965) is an American former basketball player who led NCAA Division I in scoring as a junior in 1985–86.

A native of Newark, New Jersey, Bailey played at Wagner College for four years and established himself as one of the Northeast Conference's all-time greatest players.

Bailey played in 110 career games and scored a conference record 2,591 points, nearly 300 more than the next closest player.

The New York Metropolitan Basketball Writers Association twice named him to their All-Met team.

After his collegiate career ended, Bailey was selected in the second round (42nd overall) of the 1987 NBA draft by the Atlanta Hawks but never got to play in the league.