| Prevseason: | 2001 |
| Liga Sudamericana de Básquetbol | |
| Season: | 2002 |
| Champions: |  Libertad |
| Runners Up: |  Vasco da Gama |
| Semifinalists: |  Cocodrilos de Caracas Estudiantes de Olavarría |
| Teams: | 16 |
| Dates: | 20 February – 2 May 2002 |
The 2002 Liga Sudamericana de Básquetbol, or 2002 FIBA South American League, was the seventh edition of the top-tier tournament for basketball teams from South America. The tournament began on 20 February 2001 and finished on 1 May 2002. Argentine team Libertad won their first title, defeating Vasco da Gama in the Grand Finals.
Teams were split into four groups of four teams each, and played each other in a round-robin format. The top two teams from each group advanced to the final stage, a best-of-three direct playoff elimination in the quarterfinals and the semifinals, and a best-of-five elimination series in the Grand Finals, where the champion was decided.
| Country | Team | |
|---|---|---|
| | Estudiantes de Olavarría | |
| Gimnasia y Esgrima de Comodoro Rivadavia | ||
| Libertad | ||
 | Real Santa Cruz | |
| | COC/Ribeirão Preto | |
| Franca | ||
| Vasco da Gama | ||
| Llanquihue | ||
| Valdivia | ||
 | Piratas de Bogotá | |
 | Mavort | |
| San José | ||
 | Regatas Lima | |
| Biguá | ||
| Cordón | ||
| | Cocodrilos de Caracas |
Libertad Sunchales:, Mariano Cerutti, Esteban Pérez, Jorge Benítez, Román González - Sebastián Acosta. Coach: Daniel Rodríguez
Season MVP: Mariano Cerutti