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Delibašič was born in Tuzla, PR Bosnia and Herzegovina to Izet Delibašić, a native of Kakanj, and Zajkana (née Mehičević) from Ljubuški. Young Mirza took up tennis, excelling at it. By the age of fourteen, he switched to basketball.
Club career
Mirza Delibašić, nicknamed Kinđe, led his club Bosna to the EuroLeague Championship in 1979. He played his first games aged 15 for KK Sloboda Dita, Tuzla's basketball club. Three years later, in 1971, he signed a contract with KK Bosna.
In his club career, he won numerous titles in European club competitions. In addition to having played together for their Yugoslav national team, Mirza Delibašić and Dražen Dalipagić, also played together with Real Madrid. Their performance in a 1983 European Champions Cup game versus Cibona, in Zagreb, is only one of the many highlights of their careers. In that game, Delibašić scored 26 points and Dalipagić 33. The game appropriately finished with a two-on-one fast-break, with Delibašić making a behind-the-back fake pass to Dalipagić, and passing by a defender for a two-handed dunk at the buzzer. Cibona's fans put aside their team's loss in the game, and showed their appreciation for the Bosnian stars performances, with a standing ovation at the end of the game.
In August 1983, the team went for preseason training and conditioning to the town of Bormio in the Italian Alps. Following the gruelling altitude training, after coming back south to Caserta, Delibašić suffered a near-fatal brain hemorrhage that would turn out to be career-ending. With Delibašić in critical condition, a private plane was immediately organized to airlift him to the Military Medical Academy (VMA) in Belgrade where he was hospitalized for months. He survived and recovered, but not enough to return to playing professional basketball thus being forced into retirement effective immediately at only the age of twenty nine.
In the late 1970s, Delibašić married his girlfriend Branka. Their son Dario was born in December 1979. The couple divorced in 1980, after Delibašić moved abroad to play with Real Madrid.
In 1986, Delibašić, then retired from playing basketball and performing an administrative role at KK Bosna, married Slavica Šuka, an active basketball player with ŽKK Bosna. The same year in October, the couple had a son named Danko.
Due to his heavy drinking and smoking, Delibašić's final years were marked by persistent health problems that led to his death in 2001 in Sarajevo, aged 47. At a funeral attended by thousands, he was interred next to his close friend—singer Davorin Popović who had died earlier that year—at Bare Cemetery's Alley of Greats. After Delibašić's death, KK Bosna renamed its arena in his honor.