By winning the tournament, Michigan received the Central Collegiate Hockey Association's automatic bid to the 1994 NCAA Division I Men's Ice Hockey Tournament.
The teams that finished in the top six in conference standings were allowed to choose their opponents in descending order for the first round.
Alaska–Fairbanks was an affiliate member and allowed to compete in the conference tournament as the lowest seed.
In the semifinals the higher automatic qualifier played the lower seed advancing from the second round while and second highest and second lowest seeds play each using single game to determine which teams advance to the finals.
Note: GP = Games played; W = Wins; L = Losses; T = Ties; PTS = Points; GF = Goals For; GA = Goals Against [4] Note: * denotes overtime period(s)