The 1950 Stanley Cup Finals was contested by the New York Rangers and the Detroit Red Wings. It was the Rangers' first appearance in the Final since their Stanley Cup victory in 1940. The Red Wings would win the series 4–3 to mark their franchise's fourth Cup win, and first since 1943.
This was the last Stanley Cup Final to feature a team that did not host any games and also the last to feature neutral site games, which were held in Toronto on account of scheduling conflicts at Madison Square Garden.
Two games were played in Toronto as the circus had taken over Madison Square Garden in New York. New York's Don Raleigh scored two overtime winners and Pete Babando scored the Cup-winning goal in double overtime of game seven, the first time ever in which the Stanley Cup was won in extra frames in game seven. Detroit won the Cup without Gordie Howe, injured in the first game of the playoffs. As Stanley Cup runner-up, the Rangers would be awarded the O'Brien Cup, the last team to win the trophy, at one time the National Hockey Association championship trophy, which was retired after the season.
Terry Sawchuk played seven NHL games in 1950, because Harry Lumley was injured. Sawchuk was not available for the playoffs, because he was helping the AHLIndianapolis Capitals win the Calder Cup. Instead, Harry MacQuestion was called up as the spare goalie for the playoffs. MacQuestion's name was engraved on the Stanley Cup, but he never played in the NHL. MacQuestion was removed from the Stanley Cup when it was re-done during 1957–58 season.
Detroit did not engrave Gordon Haidy and Doug McKay on the Stanley Cup, even though they each played one playoff game and qualified to be on the cup. Both players also won the Calder with Terry Sawchuk that season.