The 1996–97 Wake Forest Demon Deacons men's basketball team represented Wake Forest University in the 1996–97 NCAA Division I men's basketball season. The team was led by 8th year head coach Dave Odom, and played their home games at LJVM Coliseum. The Deacons finished second in the ACC regular season standings, but were unable to three-peat as champions of the ACC tournament. After a close win over Florida State in the quarterfinals, North Carolina eliminated Wake Forest in the semifinal round. The team was assigned the No. 3 seed in the West region of the NCAA tournament, and earned a victory over Saint Mary's in the opening round before being upended by No. 6 seed Stanford in the round of 32. Wake Forest finished the season with a 24–7 overall record and, once again, a final ranking of No. 9 in both major polls. Senior forward/center Tim Duncan was named the consensus National Player of the Year, and repeated as ACC Player of the Year and a consensus First-team All-American. Duncan was taken with the No. 1 overall pick in the 1997 NBA draft. Duncan's No. 21 jersey was retired after a February 25 victory over Georgia Tech.

Previous season

Wake Forest finished second in the ACC regular season standings, then defeated Virginia, Clemson, and Georgia Tech to capture the ACC tournament crown for the second straight season. Wake Forest was assigned the No. 2 seed in the Midwest region of the NCAA tournament. After defeating No. 15 seed Louisiana–Monroe, No. 10 seed Texas, and No. 6 seed Louisville to reach the Elite Eight, the team was blown out by No. 1 seed and eventual National champion Kentucky in the regional final. Wake Forest finished the season with a 26–6 and a No. 9 ranking in both major polls. Junior forward/center Tim Duncan was named ACC Player of the Year and a Consensus First-team All-American.

Roster

Schedule and results

!colspan=9 style=| Regular Season !colspan=9 style=| ACC Tournament !colspan=9 style=| NCAA Tournament

Rankings

Awards and honors

Team players drafted into the NBA