There are two ways to rank this. Ranking the players based on overall career achievement, and then ranking them based on their performance level at the time of 1992 Olympics.
Overall Career
1. Michael Jordan
2. Magic
3. Bird
4. Malone
5. Barkley
6. Stockton
7. Ewing
8. Robinson
9. Drexler
10. Pippen
11. Mullins
Performance Level in 1992
1. Jordan
2. Barkley
3. Magic
4. Malone
5. Ewing
6. Pippen
7. Stockton
8. Robinson
9. Drexler
10. Mullins
11. Bird
The last list was a tough one, since they were all HOF players. Hell of a roster. Many of the ranking could be interchangable. It was obvious Bird was way past his prime and nearing the end due to his back. I believe his selection was more of an honorary pick.