The 1923–24 PCHA season was capped with the 13–6–1 Vancouver Maroons defeating the 14–16–1 Seattle Metropolitans in a two-game league championship series.
Both rounds of the Stanley Cup playoffs were scheduled to be played on the NHL winner's home ice, with Montreal having to face both the PCHA and the WCHL champions.
PCHA President Frank Patrick refused to go along with that idea and instead proposed a compromise in which the host team's (Montreal's) customary contribution towards the two other clubs' travel expenses would be cut in half.
But in order to generate the additional money, Calgary and Vancouver decided to play a three-game series before going to Montreal, with the loser having to face the Canadiens in the first round of the Stanley Cup playoffs.
After the playoffs, a new ring was added to the Cup with the player's names engraved along with the following: "Canadiens of Montreal / World's Champions / Defeated / Ottawa Vancouver Calgary / Two Straight Games Each"