USA Basketball announces the "Dream Team" for the 1992 Summer Olympic Games, team incudes Charles Barkley, Larry Bird, Magic Johnson and Michael Jordan.

U.S. women's gymnastics team wins their 1st World Championships silver medal.

The first South African international competition in 25 years in gymnastics takes place.

Hungarian Olympic champion Krisztina Egerszegi set a swimming world record for the 200m backstroke at 2:06.62.

Norbert Rozsa a breaststroker from Hungary, who competed at three consecutive Olympics, set world record in a 100-meter breaststroke preliminary at the European Swimming Championship.

Miami Dolphin quarterback Dan Marino is made the highest paid NFL player with a 5-year extension for $25 million.

The American Bowl was played at Wembley Stadium, London between the Buffalo Bills and the Philadelphia Eagles, Buffalo won 17-13.

Evander Holyfield won the world heavyweight boxing title by knocking out James Buster Douglas in the round 3 of 12 of their fight in Las Vegas

Quarterback Warren Moon passed for 369 yards as the Oilers beat Cincinnati, he became the first person to throw for over 20,000 yards in two different leagues.

The NFL's American Bowl was played at Olympic Stadium in Canada, the Steelers with running back Barry Foster beat the Patriots.