The aim of this study was to investigate the sport injuries and their financial cost in Iran super league karate teams (2009-2010).86 karate players (mean age: 23.6±3.9 yrs; history of playing: 7.0±4.2 yrs) from 10 karate teams who participated in Iran karate super league were voluntarily selected. Data were collected by modified Howkins and Fuller risk factors questionnaire (r=0.79). A checklist of financial costs of injuries was prepared and assessed by specialists and coaches. Injury costs. Including direct and indirect costs were collected as well. Average direct cost was 2, 780,000 Rials and indirect cost was 6,188,000 Rials. Average cost for head, face and neck with maximum injury prevalence was 675,000 Rials, upper extremity 638,000 Rials and lower extremity with the highest rate was 1,740,000 Rials. The results showed a significant difference between hospital and non-hospital costs with Kata and Kumite injury costs. Also, there was a significant relationship between injury rate and awareness of injury risk factors (p<0.05).These data can be used as a good source and guideline for coaches and managers of karate teams to decrease injury prevalence and injury costs, because many of these risk factors which lead to injury can be detected, prevented and eliminated.