The 1991–92 NBA season was the Bucks' 24th season in the National Basketball Association. In the offseason, the Bucks signed free agent and former All-Star Moses Malone. After a 8–9 start to the season, head coach Del Harris was fired and replaced with Frank Hamblen. Under Hamblen, the Bucks hovered around .500 for the first half of the season with a 22–24 record. However, their glory days came to a crashing end losing 27 of 36 games after the All-Star break. The Bucks went on an 11-game losing streak as they lost 14 of their final 15 games, finishing last place in the Central Division with a 31–51 record. Malone averaged 15.6 points and 9.1 rebounds per game. Following the season, Dale Ellis was traded to the San Antonio Spurs, Jay Humphries was dealt along with Larry Krystkowiak to the Utah Jazz, and Jeff Grayer signed as an unrestricted free agent with the Golden State Warriors.

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