In their third season under head coach Gary Moeller, the Wolverines compiled a 9–0–3 record (6–0–2 in conference games), outscored opponents by a total of 393 to 140, and won their fifth consecutive Big Ten championship.

[1] The team's major individual accomplishments included the following: Thirteen Michigan players received first-team honors on the 1992 All-Big Ten Conference football team: Hutchinson (AP-1; Coaches-1); Wheatley (AP-1; Coaches-1); Grbac (AP-1; Coaches-1); Alexander (AP-1; Coaches-1); center Steve Everitt (AP-1); offensive guards Joe Cocozzo (AP-1; Coaches-1) and Doug Skene (Coaches-1); offensive tackle Rob Doherty (AP-1); tight end Tony McGee (Coaches-1); defensive lineman Matt Dyson (Coaches-1); linebacker Steve Morrison (AP-1); and defensive backs Corwin Brown (AP-1; Coaches-1) and Shonte Peoples (Coaches-1).

Todd Collins led the way for #6 ranked Michigan as he threw for 285 yards on 29 completions in 42 attempts and two touchdown passes to Derrick Alexander as the Wolverines cruised to a 35-3 victory over Oklahoma State.

The Wolverine defense held the Cowboys 187 yards of total offense, while Dwayne Ware, Corwin Brown and Steve Morrison each had interceptions.

Tyrone Wheatley returned the opening kickoff 99 yards for a touchdown and the #4 ranked Wolverines never looked back as they routed the Cougars, 61-7.

Wheatley and Derrick Alexander each ran for one touchdown and Mercury Hayes, Jesse Johnson and Amani Toomer each caught a TD pass.

The defense held Houston to 276 yards of total offense and Steve Morrison and Shonte Peoples had interceptions.

Iowa couldn't stop Michigan's powerful offense, led by Tyrone Wheatley, who rushed for a career-high 224 yards and three touchdowns on 19 carries.

QB Jim Hartlieb was harassed by the Wolverines all day, and finished with 25 completions in 39 attempts for 308 yards and three touchdowns, but had 3 interceptions.

Jesse Johnson and Burnie Legette added touchdown runs while the Wolverine defense held MSU to 60 yards rushing.

After falling behind 3-0 midway through the 1st quarter, the #3 ranked Wolverines ripped off 31 straight 1st half points to beat Indiana, 31-3.

Derrick Alexander caught 4 touchdown passes from Elvis Grbac as the Wolverines pummeled the Golden Gophers 63-13 at the Big House.

Purdue led #3 ranked Michigan 17-7 at halftime, but the Wolverines rallied in the 2nd half with 17 points to pull out a 24-17 victory over the Boilermakers at Ross-Ade Stadium.

[4] The #4 ranked Wolverines raced to a 30-7 halftime lead behind Derrick Alexander’s 3 touchdown receptions from Elvis Grbac.

Pete Elezovic had to kick a 39 yard field goal with 16 seconds left to keep Michigan unbeaten on the season.

Jason Verduzco scored from 2 yards out to give the Illini a 22-19 lead that held up until Elezovic saved the Wolverines with his field goal.

After falling behind 3-0, Michigan scored on an Elvis Grbac 3 yard run, but Pete Elezovic extra point kick was no good, which proved to be crucial.

Wheatley then went to work, taking advantage of a key block by All-American Steve Everitt on an 88 yard touchdown run—his second long scoring play and a new Rose Bowl record.

Elvis Grbac established a Big Ten Conference career passing efficiency record that would stand for six seasons until it was surpassed by Joe Germaine.

[6] On October 24, Derrick Alexander tied the conference single-game record with four touchdown receptions against Minnesota, becoming the fourth athlete to do so.

[15] On September 19 against Oklahoma State, Todd Collins set the school record for single-game pass completions (29), which would last until Tom Brady threw for 31 in 1998.

Collins and Grbac posted the sixth and seventh four-touchdown pass single-game performance in school history.