| Nextseason: | 1998–99 |
| DHL deild karla1 | |
| Extra Information: | 1 Sponsored league name, referring to Úrvalsdeild karla. |
| T Bg: |
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| T Color: | white |
| Champions: | Njarðvík (14th title) |
| Runners Up: | KR |
| Semifinalists: | ÍA, Keflavík |
| Relegated: | ÍR |
| Teams: | 12 |
| Duration: | October 2, 1997 – April 19, 1998 |
| Finals Mvp N: | Iceland |
| Finals Mvp Link: | Úrvalsdeild Men's Playoffs MVP |
| Award4: | Domestic MVP |
| Award4 Link: | Úrvalsdeild Men's Domestic Player of the Year |
| Award4 N: | ISL |
| Award5: | Foreign MVP |
| Award5 Link: | Úrvalsdeild Men's Foreign Player of the Year |
| Award5 Winner: | David Bevis |
| Award5 N: | USA |
| Ppg: | 33.3 |
| Ppg N: | USA |
| Rebounds Leader: | Jesse Ratliff |
| Rpg: | 18.4 |
| Rpg N: | USA |
| Assists Leader: | Warren Peebles |
| Apg: | 8.1 |
| Apg N: | USA |
| Top Seed: | Grindavík |
The 1997–98 Úrvalsdeild karla was the 46th season of the Úrvalsdeild karla, the top tier men's basketball league on Iceland. The season started on October 2, 1997 and ended on April 19, 1998. Njarðvík won its fourteenth title by defeating KR 3–0 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 bottom team was relegated to Division 1.