The 1996 Liga Sudamericana de Básquetbol, or 1996 FIBA South American League, was the first edition of the second-tier tournament for professional basketball clubs from South America. The tournament began on 6 February 1996 and finished on 1 May 1996. Argentine club Olimpia won the tournament, defeating Brazilian club Corinthians in the Grand Finals.
Teams were split into four groups of four teams each and played each other in a home-and-away round-robin format. The top two teams from each group advanced to the final stage, a best-of-three direct playoff elimination where the champion was decided.
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The matches were played on 23 and 30 April 1996.
Olimpia de Venado Tuerto: Alejandro Montecchia, , Jorge Racca, Michael Wilson, Todd Jadlow - Sebastián Uranga, Lucas Victoria, Leonardo Gutiérrez. Coach:
Corinthians: James Carter, Fernando Minucci, Oscar Schmidt, Mingão, Rich McIver. Coach: Flor Meléndez