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The tournament featured three rounds of play. The team that finishes ninth in the conference is not eligible for tournament play. In the first round, the first and eighth seeds, the second and seventh seeds, the third seed and sixth seeds, and the fourth seed and fifth seeds played a best-of-three with the winner advancing to the semifinals. In the semifinals, the highest and lowest seeds and second-highest and second-lowest seeds play a single elimination game, with the winner advancing to the championship game. The tournament champion receives an automatic bid to the 1998 NCAA Division I Men's Ice Hockey Tournament.
Conference standings
Note: GP = Games played; W = Wins; L = Losses; T = Ties; PTS = Points; GF = Goals For; GA = Goals Against