The 1991-1992 Tennessee basketball team, led by coach Wade Houston, finished the season with a record of 19-15 and placed third in the SEC MBB East division with an 8-8 conference record. The team averaged 77.9 points per game, ranking them 89th out of 298 teams. They allowed an average of 77.0 points per game, placing them at 228th in the nation in terms of points allowed.

Despite their middle-of-the-pack offensive and defensive statistics, the team's SRS (Simple Rating System) was strong, ranking 65th out of 298 teams. Their strength of schedule was even better, coming in at 34th in the nation. Although they didn't win the conference or make a deep run in the NCAA Tournament, the 1991-1992 Tennessee basketball team still had a solid season and continued to lay the foundation for the program's future success.