The 1991–92 NBA season was the 46th season of the National Basketball Association. The season ended with the Chicago Bulls winning their second-straight NBA Championship, beating the Portland Trail Blazers 4 games to 2 in the NBA Finals.

  Notable occurrences

• In one of the most shocking announcements in sports history, Lakers star Magic Johnson announces his retirement early in the season after receiving the news that he had tested HIV-positive.
• Philadelphia 76er Charles Barkley honors Johnson by switching from his usual number 34 to 32, which he will wear for the entire season. The 76ers had retired the number in honor of Billy Cunningham, who un-retired it for Barkley to wear.
• Due to back problems, Celtics star Larry Bird retires at the end of the season, and since Bill Russell vs. Jerry West it brings one of the most memorable eras in NBA history (Magic vs. Bird) to a close.
• The 1992 NBA All-Star Game was played at the Orlando Arena in Orlando, Florida, with the West defeating the East 153–113. In an emotionally charged game, Magic Johnson wins the game's MVP award; despite having retired from the game a few days into the season, fans were still able to vote him into the starting lineup because the printed ballots still featured Magic's name.
• In the wake of the 1992 Los Angeles Riots, the Los Angeles Lakers and Los Angeles Clippers rescheduled and moved their home playoff games to the nearest area possible. Game 4 of the Lakers-Blazers series was played at Las Vegas' Thomas & Mack Center while Game 4 of the Clippers-Jazz series was played at Anaheim's Convention Center.
• Luc Longley, drafted by the Timberwolves, becomes the first Australian to play in the NBA. He would later play in three Bulls championship teams.
• Larry Brown makes history becoming the first NBA coach to serve as head coach for two different teams in a single season (San Antonio Spurs and Los Angeles Clippers). Brown leads the Clippers to the team's first winning season since the team relocated to Los Angeles. Brown resigned from the Spurs in order to take the Clippers' job; Bob Bass replaced him.
• The season marked the last time the Boston Celtics won 50 games (they won 51 that season) for nearly two decades. They would not win 50 games or more until the 2007-08 season.
• Following the first round loss to the New York Knicks, Detroit Pistons head coach Chuck Daly resigned, ending the Pistons' 'Bad Boys' era.
• On December 17, the Cleveland Cavaliers crushed the Miami Heat by a score of 148-80. This 68-point win by the Cavaliers set the record for largest margin of victory in the history of the NBA.
• Run–TMC, consisting of Tim Hardaway, Chris Mullin and Mitch Richmond, and were named after the famous hip-hop group, was disbanded when the Golden State Warriors traded Richmond to the Sacramento Kings for Billy Owens. Richmond went on to become an All-Star for the otherwise struggling Kings while Owens never made an impact with the Warriors. Subsequently, the Warriors never won a playoff series following the trade until 2007, losing in the opening round to the Seattle SuperSonics in four games in 1992, and then were swept by the Phoenix Suns in 1994.
• The Utah Jazz play their first game at the Delta Center.
• The Phoenix Suns play their final season at the Arizona Veterans Memorial Coliseum.
• The Chicago Bulls set a franchise record with 67 wins in a season (later broken by the 1995-96 team).
• Dennis Rodman recorded 1,530 rebounds and averaged 18.7 rebounds per game in the regular season, both of which are the highest figures since 1972. It is the first of an NBA record seven consecutive rebounding titles for Rodman.
• Michael Jordan scored 35 points in the first half to set an NBA Finals record for most points in a half. His six three-pointers also set a record for most in a half.
• The Miami Heat are the first of the four late-1980s expansion franchises to make it to the playoffs. They are swept in the first round by the Bulls. Fourteen years later, they would become the first of those teams to win an NBA Championship.
• All NBA teams sport patches on their warmups commemorating the centennial anniversary of basketball.

  Standings