The 1996 NBA draft was the 50th draft in the National Basketball Association (NBA). It was held on June 26, 1996, at Continental Airlines Arena in East Rutherford, New Jersey. In this draft, NBA teams took turns selecting college basketball players and other first-time eligible players, such as players from high schools and non-North American leagues. The Vancouver Grizzlies had the highest probability to win the NBA draft lottery, but since they were an expansion team along with the Toronto Raptors, they were not allowed to select first in this draft. The team with the second-highest probability, the Philadelphia 76ers, won the lottery and obtained the first selection. The Toronto Raptors and the Vancouver Grizzlies were second and third, respectively. The Raptors won the first overall pick in 1996, but they had to give that up due to the expansion agreement with the league.

It is widely considered to be one of the deepest and most talented NBA drafts in history, with one-third of the first-round picks later becoming NBA All-Stars. The draft class produced three players who won a combined four NBA MVP awards (Kobe Bryant, Allen Iverson, Steve Nash), seven other drafted players who became All-Stars (Shareef Abdur-Rahim, Ray Allen, Žydrūnas Ilgauskas, Stephon Marbury, Jermaine O'Neal, Peja Stojaković, Antoine Walker), and one undrafted All-Star (Ben Wallace), for a grand total of 11 All-Stars. Moreover, eight players from this draft class have been named to at least one All-NBA Team, the most among any draft. The draft class also produced three players who have been named to the NBA's all-defensive first team: Bryant, Marcus Camby, and Wallace. Camby won the Defensive Player of the Year Award in 2007, while Wallace earned the same award in 2002, 2003, 2005, and 2006. Five-time NBA champion Derek Fisher was also selected in the draft.

The 76ers selected two future Major League Baseball players, Mark Hendrickson and Ryan Minor, with their second-round picks.

Most experts rate it along with the 1984 NBA draft and the 2003 NBA draft as one of the best drafts in history. Sports Illustrated named it the second-best, behind the 1984 draft, which included a draft class of Hakeem Olajuwon, Michael Jordan, Charles Barkley, Alvin Robertson, and John Stockton.

The following are undrafted players of the 1996 NBA Draft but later played in the NBA.

This year would officially see a steep climb up of the number of underclassmen declaring their entry into the NBA. While previous years starting in 1971 would see a relatively small amount of college underclassmen alongside overseas and even high school players not only officially declare their entry to the draft, but also sticking with it, this year saw an official total of 42 different players that qualified as underclassmen see an initial entry into the NBA draft. However, six of these players (those being the Nigerian born Sunday Adebayo from the University of Arkansas, Carlos Knox from IUPUI, Terquin Mott from Coppin State University, Mark Sanford from the University of Washington, Jess Settles from the University of Iowa, and Kebu Stewart from Cal State Bakersfield) would ultimately withdraw their initial entry into this year's NBA draft, leaving 29 players that declared for the NBA draft as proper college underclassmen, three high school players (including Kobe Bryant and Jermaine O'Neal) entering the NBA draft as high school seniors, three proper international players (including the first two teammates from the same team) entering directly from overseas play, and one player named Priest Lauderdale previously leaving Central State University to play for the Peristeri B.C. in Greece for a grand total of 36 players that would qualify as underclassmen. That being said, the following college basketball players successfully applied for early draft entrance.

This year marked the second year in a row where high school players would be allowed entry into the NBA directly from high school after previously not allowing high schoolers to enter the NBA draft directly since 1975. The following high school players successfully applied for early draft entrance.

This year marked the first time that international teammates would declare their entry into the NBA draft simultaneously. The following international players successfully applied for early draft entrance.