| Nextseason: | 1955 |
| Icelandic Basketball Tournament1 | |
| Extra Information: | 1 The league changed its name to Úrvalsdeild karla in 1978. |
| T Bg: |
|
| T Color: | white |
| Champions: | ÍR (1st title) |
| Runners Up: | ÍKF |
| Teams: | 3 |
| Games: | 3 |
| Duration: | April 26, 1954 – April 28, 1954 |
| Award4: | Domestic MVP |
| Award4 Link: | Úrvalsdeild Men's Domestic Player of the Year |
| Highest Scoring: | ÍR 43-24 Gosi (26 April 1954) |
| Winning Streak: | ÍR 2 games |
The 1954 Icelandic Basketball Tournament was the 3rd season of the top tier men's basketball league in Iceland. The season started on April 26, 1954 and ended on April 28, 1954.[1] [2] ÍR won its first title by posting the best record in the league.[3]
The participating teams played each other once for a total of 2 games. The top team won the national championship.