The 1992 NCAA Men's Division I Basketball Tournament involved 64 schools playing in single-elimination play to determine the national champion of men's NCAA Division I college basketball. It began on March 19, 1992, and ended with the championship game on April 6 in Minneapolis, Minnesota. A total of 63 games were played.

Duke, coached by Mike Krzyzewski, defeated the Michigan Wolverines, coached by Steve Fisher, 71–51 to claim their second consecutive national championship. Bobby Hurley of Duke was named the tournament's Most Outstanding Player. Michigan subsequently vacated its final two tournament games as part of the University of Michigan basketball scandal.

This tournament is best remembered for the East regional final pitting Duke and Kentucky at The Spectrum in Philadelphia. With 2.1 seconds remaining in overtime, Duke trailed 103–102. Grant Hill threw a pass the length of the court to Christian Laettner, who dribbled once, turned, and hit a jumper as time expired for the 104-103 win. Sports Illustrated deemed it the greatest college basketball game of all time , and ESPN included it as number 17 on its list of top 100 sports moments of the past 25 years (see ESPN25). It is number one on the USA Today list of the greatest NCAA tournament games of all time. This tournament also saw darkhorse Cincinnati crash the Final Four in route to returning to national prominence. The Final Four participants combined for 35 Final Four appearances and 12 national titles with Michigan enjoying 6 Final Fours*, 1 national title, Cincinnati 6 Final Fours, 2 national titles, Indiana 8 Final Fours and 5 national titles and Duke experiencing 15 Final Fours and 4 national titles).

Basketball tournament is a series of contests involving a relatively large number of competitors. A number of basketball teams compete and the one that prevails through the final round or that finishes with the best record is declared the winner.

The term may be used in either of two overlapping senses: (a) One or more competitions held at a single venue and concentrated into a relatively short time interval. (b) A competition involving multiple matches, each involving a subset of the competitors, with the overall tournament winner determined based on the combined results of these individual matches.

A famous form of basketball tournaments are the NCAA basketball tournaments men and women for Divisions I, II and III.

Christian Donald Laettner (born August 17, 1969) is an American former professional basketball player, entrepreneur, and basketball coach. He had a distinguished college and national career, and played in the National Basketball Association (NBA) for thirteen seasons, from 1992–2005. He was also a minority holder in the Major League Soccer (MLS) club D.C. United from 2007 until 2009, when William Chang bought out the remaining investors to take full control of the club. He is a current assistant coach of the Fort Wayne Mad Ants of the NBA Development League.

Laettner played college basketball for the Duke University Blue Devils, starring on the 1991 and 1992 NCAA champion teams. He was the only college player selected for the 1992 United States men's Olympic team, nicknamed the "Dream Team." Sometimes considered the greatest team ever assembled in any sport, the Dream Team went on to win the gold medal at the 1992 Summer Olympics. Laettner was drafted by the Minnesota Timberwolves in the 1992 NBA draft and went on to play 13 seasons in the NBA.