The 1925–26 NHL season was the ninth season of the National Hockey League (NHL). The NHL dropped the Hamilton, Ontario, team and added two new teams in the United States (US), the New York Americans and the Pittsburgh Pirates, to bring the total number of teams to seven. The Ottawa Senators were the regular-season champion, but lost in the NHL playoff final to the Montreal Maroons. The Maroons then defeated the defending Stanley Cup champion Victoria Cougars of the newly renamed Western Hockey League three games to one in a best-of-five series to win their first Stanley Cup.
League business
A special meeting was held on September 22, 1925, to discuss expansion to New York City. The NHL approved the dropping of the Hamilton Tigers franchise and the adding of the New York Americans club, which would sign the Hamilton players after many had paid a reinstatement fee for their players strike the year before. The New York franchise was granted to Colonel J. S. Hammond and T. J. Duggan, although the ownership was held secretly by "Big Bill" Dwyer, an infamous bootlegger from New York City, to play in New York's Madison Square Garden.
At the annual meeting on November 7, 1925, the league added another new expansion franchise, in Pittsburgh, the third United States-based team in the NHL. The Ottawa Senators objected to the adding of the team, but were outvoted. The Pittsburgh team, known as the Pirates, was formed because former Toronto NHA owner Eddie Livingstone had been again threatening to form a rival league and mentioned Pittsburgh as one of the possible franchise locations. League president Frank Calder and the governors quickly agreed to grant the Pittsburgh Yellow Jackets organization an NHL franchise, known as the Pittsburgh Pirates, like the baseball club. Odie Cleghorn left the Canadiens to sign on as playing-coach with Pittsburgh.
Tommy Gorman and Ted Dey sold their interests in the Ottawa Senators to T. Franklin Ahearn. Ahearn then hired a successful junior executive, Dave Gill, to be secretary-treasurer (general manager) of the team and Gill hired Alex Curry, a former Senators player in the old NHA, to coach the team. Gorman joined the Americans' organization.
The league imposed a salary cap of $35,000 per team in an effort to curb player's salaries. The Pittsburgh Pirates' Lionel Conacher was paid $7,500 for the season, the Montreal Maroons' Dunc Munro was also paid $7,500, the New York Americans' Billy Burch was paid $6,500, the Americans' Joe Simpson, and the Toronto Maple Leafs' Hap Day were paid $6,000.
Rule changes
Only two players on defence within the blue line at a time. A faceoff for 'ragging the puck' unless playing short-handed. Only team captains would be allowed to talk to referees. Timekeepers would signal the end of a period with a gong instead of the referee's whistle. Goalkeeper pads were limited to wide. 14-player roster limits. Only 12 to be dressed for any one game. Team salary cap of $35,000.
Regular season
The Hamilton Tigers had spent their first five seasons in the NHL in last place until last season where they went from worst to first. The success enjoyed by the Tigers players was not carried over to New York, though, as the Americans finished fifth overall with a record of 12–20–4.
Eddie Gerard improved the Montreal Maroons by signing Nels Stewart and Babe Siebert and signing former Olympian Dunc Munro for defence. The Maroons were on their way to glory. Nels Stewart not only set a record for goals by a first-year player, but became the first rookie to win the scoring title. Stewart also won the Hart Trophy as league MVP. Stewart's record of 34 goals remains an NHL record for rookies until 1970–71.
From the 1910–11 season Georges Vezina had been the Montreal Canadiens goaltender, and had led them to the Cup in 1916 and 1924. In the first game of this season, he collapsed on the ice as the second period got underway. It was found he had tuberculosis, and he died in March 1926. The Canadiens finished last in the standings and missed the playoffs.
Ottawa's coach Curry was quite successful, as he took a team that had gone from fourth overall to first with an impressive record of 24–8–4, and the expansion Pittsburgh Pirates, with a strong cast of ex-amateurs led by future Hall of Famers Roy Worters and Lionel Conacher, finished third. The Pirates introduced "on-the-fly" player substitution to the NHL, a practice already in use in the Western League.