Ottawa qualified for the playoffs to try to win their second-straight Stanley Cup; however, they were eliminated by the Montreal Maroons in a two-game total-goals series, losing by a combined score of 3–1.
The Senators were playing in by far the smallest market in the league, and were having problems financially due to escalating expenses.
The Senators would be led offensively by Frank Finnigan, who scored 20 goals and 25 points, both team highs, while 20-year-old Hec Kilrea would have a 23-point season.
King Clancy would be the anchor of the Ottawa defense, and put up 15 points, along with 73 PIM.
In goal, Alec Connell would have another strong season, earning 20 wins, having an NHL best 15 shutouts, and a 1.24 GAA.