In one of the most shocking announcements in sports history, Lakers star Magic Johnson announces his retirement early in the season after receiving the news that he had tested HIV-positive.
Philadelphia 76erCharles Barkley honors Johnson by switching from his usual number 34 to 32, which he will wear for the entire season. The 76ers had retired the number in honor of Billy Cunningham, who un-retired it for Barkley to wear.
Due to back problems, Celtics star Larry Bird retires at the end of the season, and since Bill Russel vs. Jerry West it brings one of the most memorable eras in NBA history (Magic vs. Bird) to a close.
The 1992 NBA All-Star Game was played at the Orlando Arena in Orlando, Florida, with the West defeating the East 153–113. In an emotionally charged game, Magic Johnson wins the game's MVP award; despite having retired from the game a few days into the season, fans were still able to vote him into the starting lineup because the printed ballots still featured Magic's name.