The Torneo Gran Alternativa (2012) (Spanish for "Great Alternative Tournament") was the 2012 version of Consejo Mundial de Lucha Libre's (CMLL) Torneo Gran Alternativa, a tournament they had held almost every year since 1994. The 2012 version was the eighteenth Torneo Gran Alternativa and was held in March and April 2012. The tournament consisted of 16 tag teams, composed of a Novato (Rookie) and a veteran wrestler, who may not normally team up.

Block A, which was won by the team of Euforia and El Terrible, took place on March 30, 2012, and Block B, which was won by Atlantis and Tritón, took place on April 6. The finals of the tournament were held on April 13 and were won by Euforia and El Terrible. the victory was the impetus for Euforia later joining Los Guerreros del Infierno ("The Warriors from the Inferno"). The Gan Alternativa also saw another chapter in a long-running feud between El Terrible and Rush as they met in one of the semi-final matches.

Starting in 1994 the Mexican professional wrestling promotion Consejo Mundial de Lucha Libre (CMLL) created a special tournament concept where they would team up a novato, or rookie, with a veteran for a single-elimination tag team tournament. The tournament was called El Torneo Gran Alternativa, or "the Great Alternative Tournament" and became a recurring event on the CMLL calendar. CMLL did not hold a Gran Alternativa tournament in 1997 and 2000 held on each year from 2001 through 2012. The 2012 Gran Alternativa tournament was the 18th overall Gran Alternativa tournament. All tournaments have been held in Arena México, CMLL's main venue and as part of the CMLL Super Viernes show.

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