Clarence Campbell Conference 
Prince of Wales Conference | Clarence Campbell Conference |
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| Norris Division | W-L-T-OTL | PTS | Conf. | GF | GA | L10 | Owner |
| Creston ThunderCats | 45-33-2-2 | 94 | 4th | 570 | 465 | 9-1-0 | jmerch |
| Victoria Metropolitans | 43-33-3-3 | 92 | 5th | 603 | 565 | 6-3-1 | peter_puck |
| Vancouver Blazers | 39-34-6-3 | 87 | 6th | 501 | 464 | 4-4-2 | Poddy |
| Seattle Totems | 35-41-3-3 | 76 | 8th | 677 | 674 | 3-6-1 | hockeyhead |
| Smythe Division | W-L-T-OTL | PTS | Conf. | GF | GA | L10 | Owner |
| Calgary Hitmen | 38-38-3-3 | 82 | 7th | 550 | 500 | 7-3-0 | cardinalsin |
| Canmore Cougars | 33-41-3-5 | 74 | 9th | 623 | 580 | 4-5-1 | nickhead |
| Edmonton Oil Fogeys | 18-62-1-1 | 38 | 11th | 427 | 687 | 2-7-1 | ninetynine |
| Red Deer Rogues | 3-79-0-0 | 6 | 12th | 334 | 1217 | 0-10-0 | knightthorn |
| Bailey Division | W-L-T-OTL | PTS | Conf. | GF | GA | L10 | Owner |
| Winnipeg JETS | 63-17-1-1 | 128 | 1st | 621 | 365 | 7-3-0 | robroy |
| Nunavut Rangers | 59-19-1-3 | 122 | 2nd | 421 | 226 | 7-3-0 | quinet |
| Gloucester Gators | 48-29-4-1 | 101 | 3rd | 510 | 397 | 6-3-1 | billingsby |
| CHICAGO MAFIA | 19-61-2-0 | 40 | 10th | 397 | 607 | 1-8-1 | nickneely |
| Prince of Wales Conference |
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| Adams Division | W-L-T-OTL | PTS | Conf. | GF | GA | L10 | Owner |
| Miami Sharks | 54-22-5-1 | 114 |
4th | 463 | 337 | 7-3-0 | rizitos |
| Atlanta Alcohol | 36-38-5-3 | 80 |
7th | 442 | 450 | 3-7-0 | zizzo24 |
| Los Angeles Kings | 36-39-3-4 | 79 |
8th | 462 | 437 | 6-4-0 | shawbigred |
| Houston Crude | 22-52-5-3 | 52 |
11th | 389 | 523 | 4-6-0 | veejay |
| Patrick Division | W-L-T-OTL | PTS | Conf. | GF | GA | L10 | Owner |
| Quebec Wreck | 57-18-5-2 | 121 | 3rd | 511 | 355 | 8-2-0 | ejd37 |
| Montreal Maniacs | 43-29-2-8 | 96 | 5th | 470 | 431 | 3-6-1 | duguaydr |
| Halifax Schooners | 42-31-8-1 | 93 | 6th | 426 | 380 | 5-3-2 | minnow |
| Cleveland Barons | 33-42-3-4 | 73 | 9th | 439 | 441 | 4-6-0 | dasfile4776 |
| Bavis Division | W-L-T-OTL | PTS | Conf. | GF | GA | L10 | Owner |
| Michigan Maskmen | 67-14-0-1 | 135 | 1st | 537 | 251 | 6-4-0 | bobbyorr4 |
| Steel City Executioners | 66-13-2-1 | 135 | 2nd | 505 | 226 | 8-2-0 | rhino7729 |
| Philadelphia Flyers | 29-44-4-5 | 67 | 10th | 341 | 422 | 3-6-1 | oram13 |
| Uniondale Islanders | 19-60-3-0 | 41 | 12th | 379 | 598 | 1-9-0 | mcgreedy22 |
| Michigan acquires: C - Garry Unger LW - Yvon Lambert D - Pekka Rautakallio (ML) |
Red Deer acquires: LW - Gary McAdam D - Nikita Wikar (ML) G - Owen Vaisanen (ML) '81 1st round pick '81 2nd round pick |
| Winnipeg acquires: RW - Mark Napier '81 2nd round pick |
Red Deer acquires: D - Dave Pichette D - Barry Beck (at season's end) '81 1st round pick |
| Michigan acquires: Rey Ikanen |
Canmore acquires: G - Shorty Malaska (ML) |
| Cleveland acquires: LW - Ted Suontaus (ML) |
Philadelphia acquires: C - Lindy Toppare (ML) |
| Edmonton acquires: D - Dave Lewis '81 3rd round pick |
Cleveland acquires: RW - Al MacAdam |
| Edmonton acquires: D - Bunny Skotti (ML) RW - Dean Talafous D - Myron Zakharov (ML) '81 2nd round pick '81 4th round pick |
Winnipeg acquires: C - Al Hill D - Bill Stewart D - Jack Brownschidle |
| Edmonton acquires: RW - Wilf Paiement '81 2nd round pick |
Montreal acquires: C - Pierre Larouche |
| Red Deer acquires: LW - Iain Holsti (ML) RW - Pauli Malikkala (ML) '81 1st round pick |
Victoria acquires: RW - Danny Gare D - Rick Lanz |
| Canmore acquires: G - Branko Pihavieru (ML) |
Steel City acquires: D - Bennett Pasonen (ML) |
| Atlanta acquires: D - John Ross Kokkinen (ML) |
Uniondale acquires: C - Lynn Sainila (ML) |
| Edmonton acquires: G - Mike Veisor '81 3rd round pick |
Montreal acquires: G - Rogie Vachon |
| Winnipeg acquires: G - Michel Plasse |
Philadelphia acquires: G - Jarrett Liljelund (ML) '81 5th round pick |
| Red Deer acquires: D - Dave Rantoila (ML) LW - Harold Eskolin (ML) Kamil Riihioja (ML) |
Michigan acquires: D - Amby Keijonen (ML) D - Nikita Wikar (ML) |
| Red Deer acquires: D - Joel Quenneville '81 4th round pick |
Canmore acquires: D - Derrick Polkki (ML) '81 3rd round pick |
| Steel City acquires: RW - Wayne Babych |
Seattle acquires: C - Barry Smith '81 1st round pick |
| Edmonton acquires: Casey Baijare (ML) '81 3rd round pick |
Victoria acquires: C - Jean Ratelle |
| Winnipeg acquires: D - Dick Redmond |
Chicago acquires: Stew Toijainen (ML) '81 3rd round pick |
| CLARENCE CAMPBELL CONFERENCE | PRINCE OF WALES CONFERENCE |
| 1st ROUND | |
| (1)Winnipeg JETS vs. (8)Seattle Totems (4-0) (4)Nunavut Rangers vs. (5)Gloucester Gators (3-4) (3)Calgary Hitmen vs. (6)Victoria Metropolitans (1-4) (2)Creston ThunderCats vs. (7)Vancouver Blazers (4-3) |
(1)Michigan Maskmen vs. (8)Los Angeles Kings (4-0) (4)Steel City Executioners vs. (5)Montreal Maniacs (4-0) (3)Miami Sharks vs. (6)Halifax Schooners (0-4) (2)Quebec Wreck vs. (7)Atlanta Alcohol (4-0) |
| 2nd ROUND | |
| (1)Winnipeg JETS vs. (6)Victoria Metropolitans (1-4) (2)Creston ThunderCats vs. (5)Gloucester Gators (2-4) |
(1)Michigan Maskmen vs. (6)Halifax Schooners (4-1) (2)Quebec Wreck vs. (4)Steel City Executioners (1-4) |
| CONFERENCE FINALS | |
 (5)Gloucester Gators vs. (6)Victoria Metropolitans (0-4) |
 (1)Michigan Maskmen vs. (4)Steel City Executioners (4-0) |
| STANLEY CUP FINALS | |
 (6)Victoria Metropolitans vs. (1)Michigan Maskmen (4-0) |
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