The 2001–02 NBA season was the Raptors' 7th season in the National Basketball Association. During the offseason, the Raptors acquired All-Star center and 2-time NBA Champion Hakeem Olajuwon from the Houston Rockets. Throughout the season, All-Star guard Vince Carter struggled with a left knee injury, and only managed to play 60 games. Despite the injury, Carter was still voted to play in the All-Star Game for the third consecutive year, but he did not play due to injury. The Raptors played solid basketball with a 29–21 start 50 games into the season. However, the team then suffered a 13-game losing streak, losing 17 of their next 18 games. They would then post a nine-game winning streak between March and April.

Despite losing their team captain for the rest of season and the playoffs, the Raptors finished with a 42–40 record, and finished third place in the Central Division, which allowed them to clinch a playoff spot behind the efforts of their other team captain Antonio Davis. Toronto's season ended in the first round with a heartbreaking defeat to the Detroit Pistons in five hard fought games. Following the season, Chris Childs re-signed as a free agent with the New Jersey Nets, Keon Clark signed with the Sacramento Kings, Tracy Murray was traded to the Los Angeles Lakers, and Olajuwon and Dell Curry both retired.

* Statistics include only games with the Raptors

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