1926–27 NHL season

League business

At the 1926 Stanley Cup Final, WHL president Frank Patrick began shopping the WHL's players to the NHL, hoping to raise $300,000 to distribute to the PCHA owners. Patrick approached Art Ross of the Bruins, who agreed to purchase the contracts of Frank Fredrickson, Eddie Shore and Duke Keats. After the series, Patrick approached the new New York Rangers owner Tex Hammond and their general manager Conn Smythe, but they were turned down. Patrick and Ross approached the Bruins' owner who agreed to purchase the entire lot of PCHA players for $250,000, and gave Patrick a $50,000 check as a deposit. He planned to keep some of the players for the Bruins, sell twelve players each to the new Chicago and Detroit franchises and distribute the rest to the rest of the league.

At the May 1, 1926, meeting, the NHL awarded the Detroit franchise to the syndicate of Wesley Seybourn and John Townsend, formed by Charles A. Hughes. However, a split occurred in the NHL over the awarding of the Chicago franchise. Tex Ricard wanted to build a new arena in Chicago, and backed the syndicate formed by Huntington Hardwick. This was blocked at first by the New York Rangers, as a new franchise required unanimity. But the NHL governors could amend their constitution with a two-thirds vote, and they amended the constitution to lower the bar for a new franchise to a simple majority vote. The governors agreed that Huntwick would get the Chicago franchise. Huntwick proceeded to buy the Portland Rosebuds and the Hughes group purchased the Victoria Cougars, each for $100,000. The Bruins took Fredrickson, Shore, Keats and others, while the Rangers took Frank Boucher. In total, the player's contracts purchased that day totalled $267,000 for Patrick to take back to the WHL. On May 15, the NHL awarded the franchises to the Hardwick and Hughes consortiums, with provisals that each team would have an NHL-ready team for September 1, and new arenas by November 10.

At the September 25, 1926, NHL meeting, the Chicago Black Hawks, Detroit Cougars and New York Rangers were added to the league. The Hughes consortium proceeded with the purchase of the Cougars and the franchise, while the Chicago franchise instead went to Frederic McLaughlin, who took over the deal from Huntwick on June 1. The NHL's second franchise in New York City went to the Madison Square Garden syndicate of John S. Hammond.

Toronto bought the players of the Saskatoon franchise separately; and Montreal claimed George Hainsworth. The rest of the WHL players would be distributed by a committee of Frank Calder, Leo Dandurand and James Strachan. The former WHL players make an impact in the NHL. The top scorer is Bill Cook, the top goalie is George Hainsworth, and defenceman Herb Gardiner is the league MVP.

A special meeting was held on October 26 at which the NHL was split into the Canadian and American divisions. It was the first divisional format to be implemented in a major professional North American sports league. To balance the divisions, the New York Americans were placed in the Canadian Division. With the new divisional alignment came an altered playoff format: the top team from each division would meet the winner of a total-goals series between the second and third place teams from their divisions. The winners of those total-goals series would meet in a best-of-five Stanley Cup final.

The Toronto St. Patricks are sold in mid-season to a syndicate headed by Conn Smythe for $160,000. The club is renamed the Toronto Maple Leafs. However, the NHL ruled that the team had to use the name St. Patricks until the end of the 1926–27 season, or the team's players would become free agents, as they were under contract as the St. Pats. They became the Maple Leafs the following season.

Rules changes

The blue lines moved to sixty feet from the goal line from twenty feet from the center red line to increase the size of the neutral zone.

Two innovations attributed to Art Ross are adopted by the NHL. The league adopts a modified puck, which has rounded edges. The net is modified to keep the puck in the webbing.

Regular season

The Montreal Canadiens, last place finishers in 1925–26, solved their goaltending woes by signing George Hainsworth. They further strengthened their team by signing Herb Gardiner of the Western League's Calgary Tigers for defence. The Canadiens finished second in the Canadian Division to powerful Ottawa, who was the league's best team.

Dave Gill, secretary-treasurer (general manager), decided to take over as coach of the Ottawa Senators. He would be assisted by Frank Shaughnessy, a former manager of the Senators in the NHA days, to assist him with the strategy used in games. Ottawa finished first atop the Canadian Division.

The arena is not ready in Detroit for the start of the regular season. The expansion Cougars play their first 22 "home" games in Windsor, Ontario, at the Border Cities Arena.

The New York Americans' Shorty Green's playing career is ended after an injury in a game on February 27, 1927. New York Rangers' 225 pound defenceman Taffy Abel bodychecked Green, causing a kidney injury. Green requires an emergency operation to remove the kidney and retires for health reasons.

Final standings

Note: W = Wins, L = Losses, T = Ties, Pts = Points, GF= Goals For, GA = Goals Against

Note: GP = Games Played, W = Wins, L = Losses, T = Ties, Pts = Points, GF = Goals For, GA = Goals Against
Teams that qualified for the playoffs are highlighted in bold.

Playoffs

With the collapse of the Western Hockey League, the Stanley Cup became the championship trophy of the NHL. The new division alignment and playoff format ensured that for the first time, an American team would play in the NHL Final, now the Stanley Cup Final. The Seattle Metropolitans earlier had competed for the Stanley Cup as champions of the Pacific Coast Hockey Association.

Stanley Cup Final

All dates in 1927

Cy Denneny led the Senators with four of the team's seven total goals. He scored the game-winning goals in both victories.

Boston Bruins vs. Ottawa Senators

Ottawa wins best-of-five series 2–0–2

Awards

A new trophy in memory of Georges Vezina, the Vezina Trophy, was donated this year by Montreal Canadiens owners Leo Dandurand, Louis Letourneau and Joseph Cattarinich. It is to be presented to the league's "most valuable goaltender." It is won by his successor with the Canadiens, George Hainsworth.

Scoring leaders

Note: GP = Games played; G = Goals; A = Assists; Pts = Points

Source: NHL.

Leading goaltenders

Note: GP = Games played; Mins = Minutes played; GA = Goals against; SO = Shut outs; GAA = Goals against average

Playoff scoring leaders

Note: GP = Games played; G = Goals; A = Assists; Pts = Points

Debuts

The following is a list of players of note who played their first NHL game in 1926–27 (listed with their first team, asterisk(*) marks debut in playoffs):

Last games

The following is a list of players of note that played their last game in the NHL in 1926–27 (listed with their last team):