The 1992 Lipton International Players Championships was a tennis tournament played on outdoor hard courts. It was the 8th edition of the Miami Masters, and was part of the ATP Super 9 of the 1992 ATP Tour, and of the Tier I Series of the 1992 WTA Tour. Both the men's and the women's events took place at the Tennis Center at Crandon Park in Key Biscayne, Florida in the United States, from through 1992.
The men's field was headlined by ATP No. 1, 1992 Australian Open, 1991 Tour Championships titlist, San Francisco, Brussels runner-up, Key Biscayne defending champion Jim Courier, Australian Open, Stuttgart finalist, former world no. 1 Stefan Edberg and Brussels, Rotterdam winner Boris Becker. Other top players in the field were Philadelphia titlist Pete Sampras, Milan finalist Goran Ivanišević, Michael Chang, Petr Korda and Emilio Sánchez.
The women's field was led by Monica Seles. Among other players competing were former champions Steffi Graf and Gabriela Sabatini. Also competing were Arantxa Sánchez Vicario, Jennifer Capriati and Mary Pierce.
See main article: 1992 Lipton International Players Championships – Men's singles. 
Michael Chang def. 
Alberto Mancini 7–5, 7–5
See main article: 1992 Lipton International Players Championships – Women's singles. 
Arantxa Sánchez Vicario defeated Gabriela Sabatini 6–1, 6–4
See main article: 1992 Lipton International Players Championships – Men's doubles. Ken Flach / Todd Witsken defeated Kent Kinnear / Sven Salumaa 6–4, 6–3
See main article: 1992 Lipton International Players Championships – Women's doubles. Arantxa Sánchez Vicario / Larisa Savchenko Neiland defeated 
Jill Hetherington / Kathy Rinaldi 7–5, 5–7, 6–3