The Red Hot Chili Peppers were founded in 1992.
Red Hot Chili Peppers . Because of commitments to other bands , Slovak and Irons did not play on the band 's self-titled debut album ( 1984 ) . After short-lived replacements at guitar and drums , John Frusciante and Chad Smith joined in 1988 . In 1990 , the group signed with Warner Bros. . Records and recorded the album Blood Sugar Sex Magik ( 1991 ) under producer Rick Rubin .