1991–92 FIBA European League

• 33 teams (the cup title holder, national domestic league champions, and a variable number of other clubs from the most important national domestic leagues) played knock-out rounds on a home and away basis. The aggregate score of both games decided the winner.
• The sixteen remaining teams after the knock-out rounds entered the Regular Season Group Stage, divided into two groups of eight teams, playing a round-robin. The final standing was based on individual wins and defeats. In the case of a tie between two or more teams after the group stage, the following criteria was used to decide the final classification: 1) number of wins in one-to-one games between the teams; 2) basket average between the teams; 3) general basket average within the group.
• The top four teams from each group after the Regular Season Group Stage qualified for a Quarterfinal Playoff (X-pairings, best of 3 games).
• The four winners of the Quarterfinal Playoff qualified for the Final Stage (Final Four), which was played at a predetermined venue.

Team 1	Agg.	Team 2	1st leg	2nd leg
Maes Pils	175–150	Kingston	86–76	89–74
Pezoporikos Larnaca	162–233	Knorr Bologna	88–109	74–124
Śląsk Wrocław	162–181	Aris	74–75	88–106
Maccabi Rishon LeZion	144–148	Commodore Den Helder	89–75	55–73
Vevey	163–199	Kalev	81–86	82–113
Scania Södertälje	154–195	Estudiantes Caja Postal	76–98	78–97
KTP	154–211	Philips Milano	84–105	70–106
Fenerbahçe	123–174	FC Barcelona Banca Catalana	73–79	50–95
Szolnoki Olajbányász	137–181	Partizan	65–92	72–89
CSKA Sofia	140–235	Bayer 04 Leverkusen	77–132	63–103
Ungmennafélag Njarðvíkur	150–208	Cibona	76–111	74–97
Benfica	163–164	Olympique Antibes	89–76	74–88

Automatically qualified to the group stage

• Slobodna Dalmacija (title holder)
• Montigalà Joventut
• Phonola Caserta
• Maccabi Elite Tel Aviv

The Regular Season begins on October 31.

If teams are level on record at the end of the Regular Season, tiebreakers are applied in the following order:

1. Head-to-head record.
2. Head-to-head point differential.
3. Point differential during the Regular Season.
4. Points scored during the regular season.
5. Sum of quotients of points scored and points allowed in each Regular Season match.

Group A Team Pld Pts W L PF PA PD 1. Knorr Bologna 14 24 10 4 1229 1148 +81 2. FC Barcelona Banca Catalana 14 24 10 4 1205 1129 +76 3. Maccabi Elite Tel Aviv 14 24 10 4 1311 1254 +57 4. Cibona* 14 23 9 5 1287 1232 +55 5. Slobodna Dalmacija* 14 21 7 7 1271 1270 +1 6. Olympique Antibes 14 18 4 10 1291 1385 -94 7. Kalev 14 17 3 11 1281 1354 -73 8. Phonola Caserta 14 14 3 11 1185 1288 -103

Group B Team Pld Pts W L PF PA PD 1. Montigalà Joventut 14 25 11 3 1276 1114 +162 2. Estudiantes Caja Postal 14 24 10 4 1145 1096 +49 3. Philips Milano 14 24 10 4 1264 1161 +103 4. Partizan* 14 23 9 5 1178 1077 +101 5. Bayer 04 Leverkusen 14 21 7 7 1217 1154 +63 6. Maes Pils 14 18 4 10 1112 1230 -118 7. Aris 14 17 3 11 1139 1359 -220 8. Commodore Den Helder 14 16 2 12 1050 1190 -140

• ^* Due to ongoing Yugoslav Wars, the three former Yugoslavian teams were forced to play all their home games outside their countries. All of them chose cities in Spain as the substitute home courts: eventual winner Partizan played in Fuenlabrada, title holder Slobodna Dalmacija in A Coruña and Cibona in Puerto Real.

Seeded teams played games 2 and 3 at home.

Team 1	Agg.	Team 2	1st leg	2nd leg	3rd leg
Partizan	2–1	Knorr Bologna	78–65	60–61	69–65
Philips Milano	2–0	FC Barcelona Banca Catalana	80–79	86–71
Cibona	0–2	Montigalà Joventut	68–73	67–92
Maccabi Elite Tel Aviv	1–2	Estudiantes Caja Postal	98–97	74–98	54–55

• 1991–92 FIBA European League
• 1991–92 FIBA European League