The 1991–92 NBA season was the Pacers' 16th season in the National Basketball Association, and 25th season as a franchise. The Pacers struggled early into the season losing 9 of their first 13 games. After ten games, the team released Mike Sanders to free agency; Sanders would later on re-sign with his former team, the Cleveland Cavaliers. The Pacers continued to struggle with a 15–28 record near the end of January, and held a 19–29 record at the All-Star break. However, they won 25 of their final 39 games, finishing the season fourth in the Central Division with a mediocre 40–42 record. Reggie Miller led the team in scoring with 20.7 points per game, while Chuck Person averaged 18.5 points, 5.3 rebounds and 4.7 assists per game, and Detlef Schrempf was named Sixth Man of the Year for the second consecutive season, averaging 17.3 points and 9.6 rebounds per game off the bench. In addition, Rik Smits provided the team with 13.8 points, 5.6 rebounds and 1.4 blocks per game, and Micheal Williams contributed 15.0 points, 8.2 assists and 2.9 steals per game, and was named to the NBA All-Defensive Second Team. Off the bench, Vern Fleming provided with 8.9 points and 3.2 assists per game, while George McCloud contributed 6.6 points per game, but only played 51 games due to a thumb injury, top draft pick Dale Davis averaged 6.2 points, 6.4 rebounds and 1.2 blocks per game, and LaSalle Thompson provided with 4.9 points and 4.8 rebounds per game. In the Eastern Conference First Round of the playoffs, they faced the Boston Celtics for the second straight season, where they were swept in three straight games. Following the season, Person and Williams were both traded to the Minnesota Timberwolves.

Draft picks

Roster

Regular season

Season standings

Record vs. opponents

Game log

Regular season

Playoffs

Player statistics

Ragular season

† Denotes player spent time with another team in the season. Stats reflect time with the Pacers only.

Playoffs

Awards and records

Transactions