For me, it's spelled 'Pygame', not 'pygame'. And pip offers v1.9.2b8
of that one.
The version it offers will depend on your platform for now, though this won't be the case when there's a proper 1.9.2 release out. Windows users will see 1.9.2b1. Mac users should not rely on it until some issues are fixed.
If pip doesn't see it, try upgrading pip and/or installing with the --pre flag: