The 2002 Icelandic Men's Football League Cup was the seventh staging of the Icelandic Men's League Cup. It featured all the 2001 Úrvalsdeild karla teams and the top 6 teams from 1. deild karla in 2001. The competition started on 15 February 2002 and concluded on 7 May 2002 with FH beating Fylkir 4-3 on penalties in the final.