The London Knights dominated the Ontario Hockey League regular season and playoffs, with an awesome combined 79-9-2 record. They finished off the dream season by winning their first Memorial Cup championship in 40 years, shutting out Sidney Crosby and the Rimouski Oceanic 4-0 in front of a packed out at the John Labatt Centre in London, Ontario. Knights forward Corey Perry who was a first round draft pick of the Mighty Ducks of Anaheim in 2003, was named the tournament MVP. The Knights were coached by Dale Hunter, who is also part owner along with his brother Mark, both former long-time NHL players.
Team Canada was unable to win its third straight world hockey championships as the Czech Republic shut down the Canucks behind the superb goaltending of Tomas Vokun. Vaclav Prospal opened scoring in the first period and the two teams fought through a scoreless middle frame. Early in the third period, Jaromir Jagr spotted Martin Rucinsky streaking through the neutral zone and Rucinsky's slap shot from the top of the left face-off circle beat Canadian goalie Martin Brodeur low on the glove side. The Czechs added an empty net goal near the end of the final game, with forward Josef Vasicek scoring from his own end.