| Tourney Name: | Bikarkeppni Karla |
| Year: | 1997–98 |
| City: | Reykjavík |
| Country: | Iceland |
| Arena: | Laugardalshöll (Final) |
| Dates: | 2 November 1997 – 14 February 1998 |
| Champion: | Grindavík |
| Second: | KFÍ |
| Semifinalists: | Njarðvík, Valur |
| Prevseason: | 1996–97 |
| Nextseason: | 1998–99 |
The 1997–98 Bikarkeppni karla, named Reunault-bikarinn for sponsorship reasons, was the 32nd edition of the Icelandic Men's Basketball Cup, won by Grindavík against KFÍ.[1] The competition was managed by the Icelandic Basketball Federation and the final was held in Reykjavík, in the Laugardalshöll on 14 February 1998,[2] and was broadcast live on RÚV.
Thirty-four teams signed up for the Cup tournament.