The Detroit Red Wings were the Stanley Cup champions as they defeated the Montreal Canadiens four games to three in the best-of-seven final series.
Art Ross announced at the league governors meeting that his connection with Boston would terminate at the end of September.
Prior to the season, Red Wings head coach Tommy Ivan left Detroit to become general manager of the Chicago Black Hawks, and Jimmy Skinner replaced him behind the bench in the Motor City.
On December 18, 1954, Maurice Richard scored his 400th career goal against Chicago netminder Al Rollins in a 4–1 Canadiens victory over the Black Hawks.
The fans were not appreciative of Toronto's defensive style in this game and threw garbage, including pig's feet, on the ice.