The 1992 NBA draft took place on June 24, 1992, at Memorial Coliseum in Portland, Oregon. The draft is considered to be one of the deepest in NBA history. The top three picks were considered can't-miss prospects. All three are Hall of Famers ; O'Neal and Mourning are (individual) player-inducted, whereas Laettner is team-inducted. Laettner made one All-Star game in his career and was an Olympic Gold Medalist on the 1992 Dream Team, but did not live up to the lofty expectations set for him. The trio would end up playing together on the 2005 Miami Heat. Two other players went on to become All-Stars and several others had solid careers. Harold Miner, who was given the nickname "Baby Jordan" because of his similarities to Michael Jordan, slipped to number 12 and, other than winning two slam dunk contests, only had a brief, uneventful, and injury prone four-year career.

The 1992–93 NBA season was the 47th season of the National Basketball Association. The season ended with the Chicago Bulls winning their third straight NBA Championship, beating the Phoenix Suns 4 games to 2 in the NBA Finals.