The Howie Morenz Memorial Game, the NHL's second all-star game, was played November 2, 1937 and raised over $11,447, which, added to other contributions, established a fund of over $20,000 for the Morenz family. Prior to the start of the game, Howie Morenz's uniform and playing kit was auctioned and Joseph Cattarinich put down the winning bid of $500. The uniform was presented to Howie Morenz Jr. The NHL All-stars defeated a combined team of Canadiens and Maroons players 6–5. Rookie defenseman Chris Chelios played his first All-Star game that night and assisted on the game winning goal.
The New York Rangers lost their star center Neil Colville for a few games as the result of some horseplay that must have infuriated Lester Patrick. Defenceman Joe Cooper was pursuing a fad of slicing off neckties from teammates using a penknife. Colville threw up his hand only to receive a gash that required 11 stitches to close.
The New York Americans, with Ching Johnson and Hap Day to relieve Joe Jerwa and Al Murray on defence, were doing much better than usual. Earl Robertson, their new goaltender, was leading the Canadian Division in goaltending and ended up doing so at season's end. The Amerks also had Sweeney Schriner and Nels Stewart contributing in a nice way to the offence.
The Montreal Maroons, coached at first by King Clancy, settled into last place and president and general manager Tommy Gorman decided he'd take over as coach. He did even worse and the fans stayed away. Although the team did badly, one highlight was an 11–7 win over their rivals, the Canadiens, and Baldy Northcott had a hat trick in the game. There seemed to be nothing Gorman could do to revitalize the team and at one stretch the team lost 8 straight games. On March 17, 1938, the Maroons played their last game against their rivals, the Canadiens.
Detroit was the shockingly bad team of the American Division. After winning the Stanley Cup in 1937, they were reclining in the cellar of the Division. They had one bright moment when Carl Liscombe set a record for the fastest hat trick to this time (since broken by Bill Mosienko). Liscombe scored three goals in 1 minute and 52 seconds in a 5–1 win over Chicago.
On March 17, 1938, Nels Stewart scored his 300th National Hockey League goal in a 5–3 loss to the Rangers.
|Toronto Maple Leafs||48||24||15||9||57||151||127||404|
|New York Americans||48||19||18||11||49||110||111||327|
|New York Rangers||48||27||15||6||60||149||96||435|
|Chicago Black Hawks||48||14||25||9||37||97||139||238|
|Detroit Red Wings||48||12||25||11||35||99||133||258|
|Gord Drillon||Toronto Maple Leafs||48||26||26||52||4|
|Syl Apps||Toronto Maple Leafs||47||21||29||50||9|
|Paul Thompson||Chicago Black Hawks||48||22||22||44||14|
|Georges Mantha||Montreal Canadiens||47||23||19||42||12|
|Cecil Dillon||New York Rangers||48||21||18||39||6|
|Bill Cowley||Boston Bruins||48||17||22||39||8|
The Canadiens beat the Hawks in game one of the quarterfinal, as Toe Blake had the hat trick. But Mike Karakas shut out the Canadiens in the second game and even though Georges Mantha appeared to win the game with a freak , evergoal in game three, Earl Seibert kept the Hawks from losing with a goal late in the game, and then the Hawks won the series in overtime.
In the Series B Semi-Finals, it was Chicago and the New York Americans, who beat Chicago in game one 3–1. Game two was a great goaltenders battle between Mike Karakas and Earl Robertson. It appeared that the Americans were headed to their first Stanley Cup final when Nels Stewart scored with seconds left in the game, but referee Clarence Campbell disallowed the goal, saying Eddie Wiseman was in the goal crease. Cully Dahlstrom scored the goal that saved the Black Hawks. In New York, the deciding game saw Alex Levinsky of Chicago score the go-ahead goal, but the red light didn't go on. Investigation revealed that fans were holding the goal judge's hand so he could not signal the goal. Although the Amerks came close, they were unable to tie the score and the Black Hawks were in the finals.
|Calder Memorial Trophy:||Cully Dahlstrom, Chicago Black Hawks|
|Hart Memorial Trophy:||Eddie Shore, Boston Bruins|
|Lady Byng Memorial Trophy:||Gordie Drillon, Toronto Maple Leafs|
|O'Brien Cup:||Toronto Maple Leafs|
|Prince of Wales Trophy:||Boston Bruins|
|Vezina Trophy:||Tiny Thompson, Boston Bruins|
|First Team||Position||Second Team|
|Tiny Thompson, Boston Bruins||G||Dave Kerr, New York Rangers|
|Eddie Shore, Boston Bruins||D||Art Coulter, New York Rangers|
|Babe Siebert, Montreal Canadiens||D||Earl Seibert, Chicago Black Hawks|
|Bill Cowley, Boston Bruins||C||Syl Apps, Toronto Maple Leafs|
|Cecil Dillon, New York Rangers Gordie Drillon, Toronto Maple Leafs (tie)||RW|
|Paul Thompson, Chicago Black Hawks||LW||Toe Blake, Montreal Canadiens|
|Lester Patrick, New York Rangers||Coach||Art Ross, Boston Bruins|