It was held between March 14 and 16, 1974, and concluded with Minnesota defeating Michigan Tech 4–2.
This is the last tournament to not have a team returning from the previous season's bracket.
(as of 2016) Four teams qualified for the tournament, two each from the eastern and western regions.
An at-large bid was offered to a second eastern team based upon both their ECAC tournament finish as well as their regular season record.
[1] The ECAC champion was seeded as the top eastern team while the WCHA co-champion with the better regular season record was given the top western seed.