To this day, the Toronto Arenas are the only team in the four major North American sports to win the title in their first season as a franchise.
The Arena Company was required to return their temporary franchise to the league if they could not resolve the dispute by the end of the season.
While agreement was reached on leasing the players, financial terms were not settled and this would lead to Livingstone filing a post-season lawsuit against the Toronto Arena Company.
[4] During a game on January 28, 1918, Alf Skinner of the Torontos and Joe Hall of the Montreal Canadiens were involved in a stick swinging duel.
[6] In goal, Hap Holmes played the majority of games, earning a club high 10 victories, while backup Arthur Brooks posted a team best 4.00 GAA.
"The league did not accept the Wanderers' resignation immediately, electing to wait and see whether the team showed up for its scheduled match in Toronto on Saturday January 5.
The deadline did expire, and the once-powerful team that had been known as the Little Men of Iron was thrown onto the scrap heap of hockey history.
The Wanderers' scheduled games of January 2 and 5 were officially recorded in the standings as victories for their respective opponents, the Canadiens and Torontos."
In the first game at Mutual Street Arena, with Hap Holmes in goal for the Torontos, against Georges Vezina of the Canadiens.
The series moved to the Jubilee Arena for the second game, with Hap Holmes getting the start for Toronto against Georges Vezina of Montreal.
The Canadiens Newsy Lalonde scored early in the third, giving Montreal a 3-2 lead, however, Rusty Crawford tied it for Toronto midway through the period.
The Toronto club would face the Vancouver Millionaires of the PCHA to determine the winner of the 1918 Stanley Cup Finals in a best of 5 series, with all games being played at Mutual Street Arena.