The 2016 Italian Basketball Cup, known as the Beko Final Eight for sponsorship reasons, was the 48th edition of Italy's national cup tournament. Lega Basket organised the competition for Lega Basket Serie A clubs. The tournament was played at the Mediolanum Forum in Milan this year. EA7 Emporio Armani Milano won their 5th cup.

Pallacanestro Olimpia Milano, commonly known as Olimpia Milano or as EA7 Emporio Armani Milan after its title sponsor, is an LBA Italian professional basketball team, based in Milan, Italy. Its colors are white and red, and the team is sometimes referred as "Scarpette Rosse" because team officials imported red Converse All-Star shoes for players from the United States. The tag line stuck, and the nickname is still used by many fans today.