Bill Dwyer could not come up with the capital required to retain his team and the NHL took full control of the New York Americans.
Prior to the start of the game, Howie Morenz's uniform and playing kit was auctioned and Joseph Cattarinich put down the winning bid of $500.
[1][2] In September 1937, the NHL passed the 'icing' rule whereby teams could no longer shoot the puck the length of the ice to delay the game.
[4] Charlie Conacher was named captain of the Toronto Maple Leafs, and he had a big weekend at the expense of Chicago November 13 with a hat trick in a 7–3 win.
The cycle of injuries had a cumulative effect on Conacher's nervous and physical condition and his doctor told him to retire from hockey.
The New York Rangers lost their star center Neil Colville for a few games as the result of some horseplay that must have infuriated Lester Patrick.
The New York Americans, with Ching Johnson and Hap Day to relieve Joe Jerwa and Al Murray on defence, were doing much better than usual.
They had one bright moment when Carl Liscombe set a record for the fastest hat trick to this time (since broken by Bill Mosienko).
The Cinderella story of the century was the Chicago Black Hawks who would barely make the playoffs but proceeded to defeat the Canadiens, the Americans and the Maple Leafs to win the Cup with the lowest regular-season winning percentage of any champions in the big-four major professional sports leagues of North America.
In New York, the deciding game saw Alex Levinsky of Chicago score the go-ahead goal, but the red light did not go on.