The Oshawa Generals won the J. Ross Robertson Cup, defeating the Ottawa 67's.
The Niagara Falls Thunder relocated to Erie, and renamed their club to the Erie Otters, becoming the second team in the Ontario Hockey League to be based in the United States and the first OHL team in the state of Pennsylvania.
After splitting the 1995-96 season between the Palace of Auburn Hills and Oak Park Ice Arena, the Detroit Whalers moved into their new home, the Compuware Sports Arena, based in Plymouth, Michigan.
Note: DIV = Division; GP = Games played; W = Wins; L = Losses; T = Ties; OTL = Overtime losses; GF = Goals for; GA = Goals against; PTS = Points; x = clinched playoff berth; y = clinched division title; z = earned first round bye The 67's waived their right to a first-round bye, having lost in the second round the previous season after accepting a first-round bye.
The expansion team Toronto St. Michael's Majors, who were set to begin play during the 1997-98 season, held the first overall pick in the draft, and selected Charlie Stephens from the Leamington Flyers.