The 1991–92 Lobos featured a balanced offense, with all five starters averaging in double figures, but they lacked a go-to scorer. Senior Willie Banks, an Albuquerque High product, led the team along with junior guards Ike Williams and Steve Logan and center Khari Jaxon. The team started slowly, including a home loss to #2 Arizona, but later won seven of eight to gain an early share of the WAC lead. Road struggles slowed them, however, and despite another strong finish they ended up a game out of the lead. Banks was named All-WAC and finished as Lobo career leader (now second) in three-point percentage. The Lobos returned to the NIT, where they beat Louisiana Tech and Washington State before losing at Virginia, finishing the season 20–13.