The 1992 Calder Cup Playoffs of the American Hockey League began on April 7, 1992. The twelve teams that qualified, four from each division, played best-of-7 series for division semifinals and division finals. The highest remaining seed received a bye for the third round while the other two remaining teams played a best-of-3 series series, with the winner advancing to play the bye-team in a best-of-7 series for the Calder Cup. The Calder Cup Final ended on May 29, 1992 with the Adirondack Red Wings defeating the St. John's Maple Leafs four games to three in a series in which the visiting team won every game to win the fourth Calder Cup in team history. Adirondack's Allan Bester won the Jack A. Butterfield Trophy as AHL playoff MVP.