The winner of the OJHL playoffs, the Owen Sound Greys, failed to win the 1987 Buckland Cup for the OHA championship.
Owen Sound returned to the Midwestern Junior B Hockey League, while the Richmond Hill Dynes, Markham Waxers, and Aurora Eagles all dropped to the Central Junior B Hockey League.
The dormant Orillia Terriers and Newmarket Flyers also jumped to the Central Jr. B league for 1987-88.
Note: GP = Games played; W = Wins; L = Losses; OTL = Overtime losses; SL = Shootout losses; GF = Goals for; GA = Goals against; PTS = Points; x = clinched playoff berth; y = clinched division title; z = clinched conference title The 1987 Buckland Cup was a best-of-7 series between the Nickel Centre Power Trains (NOJHL) and the Owen Sound Greys.
The winner moved on to the 1987 Dudley Hewitt Cup Final Series.