The New Dream Team, also managed by Johnny Valiant, saw Dino Bravo replace Brutus Beefcake and competed from March 1987 until the winter of 1988.

[3] Finding themselves in the challengers position the Dream Team now chased the Bulldogs in the months following WrestleMania 2 climaxing in a series of steel cage matches during the summer of 1986.

[10] A running gag on the WWF's weekly television was Gorilla Monsoon's constant suggestion that the Dream Team never mentally got over the loss at WrestleMania 2, likely in acknowledgement of what many consider the best match on the card that night.

As the summer passed the Dream Team found themselves facing the Killer Bees and the second version of the US Express instead of challenging for the gold.

The team was also joined by Johnny Valiant's newest addition Dino Bravo in six-man tag matches.

[11] Lack of championship success, not to mention Beefcake feeling muscled out by Bravo, began tension within the team.

Johnny Valiant left the WWF, Greg Valentine began working as a singles wrestler reuniting with Jimmy Hart,[16] and Dino Bravo came under the guidance of Frenchy Martin.

Valentine and Beefcake reunited for the first time in 16 years on November 1, 2003 defeating The Powers Of Pain at The Road Warrior Hawk Memorial Show.

Then they lost to Hacksaw Jim Duggan and Tito Santana at the debut of Power Wrestling Alliance on November 11, 2005 in Dix Hills, New York.

On November 9, 2007 they won the BCW Tag Team Championship for Brew City Wrestling defeating Brandon Tatum and Dinn T. Moore.