The Montreal Canadiens set records in wins with 58 and points with 127, beginning a four-year stretch where they dominated the league in the regular season and win four straight Stanley Cup titles. The Philadelphia Flyers tied the record set by the 1929–30 Boston Bruins for most consecutive home ice wins, with 20.
During the regular season, between December 28 and January 10, "Super Series '76" took place as two teams from the Soviet Championship League played eight exhibitions against NHL teams. HC CSKA Moscow (the "Red Army Club"), defending Soviet champion, played against the New York Rangers, Montreal, Boston and, on January 11, the defending NHL champion, the Philadelphia Flyers, while Krylya Sovetov Moscow ("the Soviet Wings") played against Pittsburgh, Buffalo, Chicago and the New York Islanders.
The blockbuster trade of the year saw the Boston Bruins send superstar center Phil Esposito and star defenceman Carol Vadnais to the New York Rangers for star center Jean Ratelle and superstar defenceman Brad Park. Both Ratelle and Park excelled for the Bruins for years to come, while Esposito's days as the preeminent scorer in the NHL were behind him.
On February 7, 1976, Darryl Sittler set an NHL record that still stands for most points scored in one game. He recorded 10 points (six goals, four assists) against the Boston Bruins.
Note: GP = Games played, W = Wins, L = Losses, T = Ties, Pts = Points, GF = Goals for, GA = Goals against, PIM = Penalties in minutes Note: Teams that qualified for the playoffs are highlighted in bold