The Big Red defeated Boston University 4–1 in the championship game at the Onondaga County War Memorial in Syracuse, New York.

With the Big Red seemingly just hitting their stride, the team suffered a blow before the season even began with senior netminder David Quarrie going down with an ankle injury.

[2] Fortunately they began their season with a relatively easy matchup against McMaster at home and after scoring seven goals in the first period the Big Red skated to a 14–2 win.

[5] While the win helped propel Cornell to the top of the ECAC the game was marred by penalties and included a stick-swinging incident from the Larrie's Dick Smith who opened a gash in the side of Mike Doran's face that required 14-15 stitches to close.

The Bulldogs' first score was one of the only bad goals Ken Dryden allowed that year and though Cornell tied the game three minutes later, Yale quickly regained the lead.

Bruce Pattison was cut in the third period after being checked into the wire mesh that surrounded the rink rather than plexiglass, leaving the Big Red with just three defenseman for the final 11 minutes but the team was able to rally and skate to a 5–3 win.

The Big Red opened against Northeastern at the Boston Garden and, despite playing at what amounted to a home game for the Huskies, Cornell trounced their opponents 9–1 with Doug Ferguson's 4 goals leading the way.

The next night Cornell took on defending national champion Michigan State for the tournament title and opened the scoring with a Bobby Ferguson goal.

The Spartans played the same tough defense that garnered them the 1966 National Title and held Cornell back until late in the second when Dave Ferguson notched a power-play marker.

Before classes resumed, however, Cornell played in their second holiday championship, this time competing in the Boston Arena Christmas Tournament.

Tufford got an empty-net goal to close out the game but the injury bug bit the Big Red again when Brian Cornell tore ligaments in his right knee and missed the rest of the season.

Cornell scored twice more before the period was out and with Dryden making 33 saves in the game The Big Red won 4–1 and set up a showdown against Boston University.

Fittingly Dryden shared the tournament MVP award with his counterpart Wayne Ryan while Doug Ferguson, Stanowski and Orr were named to the All-Tournament team along with their netminder.

It was, however, two power play goals by Yale in the third period put the Bulldogs ahead but with less than five minutes remaining Sophomore Ted Coviello tied the game at 3–3.

[11] At the same time the NCAA held a vote that ended the Ivy League's petition to eliminate the 1.6 rule from the athletic participation bylaws.

After taking the rest of January off, the team returned to the ice at Boston College on the first of February and fought to a close 3–2 road victory.

In the final four games of their schedule Cornell dominated their Ivy League competition, outscoring their opponents by a combined score of 19–5 and finishing the season 18–1–1 in conference play.

While their earlier meeting had been a close affair the Big Red made no mistake in the rematch and posted 12 goals to silence a hostile crowd and send the Eagles packing, as they had done the year before.

UND netminder Mike Curran fought off the Cornell attack for most of the first frame but a shot from Skip Stanowski finally found its way into the net at the end of the period.

Despite the game being played in Syracuse the crowd was decidedly in favor of BU and the team seemed to feed off of the energy early with an attack on the Cornell net in the first minute.

[15] Again, despite his setting new NCAA records with a 1.46 GAA and a .945 save percentage, Dryden did not receive the ECAC Rookie of the Year which instead went to BU's Herb Wakabayashi who finished second in scoring in the nation.