All member teams were eligible for the tournament and were seeded No. 1 through No. 8 according to their final conference standing, with a tiebreaker system used to seed teams with an identical number of points accumulated. The top four seeded teams each earned home ice and hosted one of the lower seeded teams. As a result of their being the regular season champion, Denver's home venue, DU Arena, served as the site for the Championship game regardless of which teams qualified for the penultimate match. Each series were two-game matchups with the team that scored the most goals advancing to the succeeding round. The teams that advanced to the semifinal were re-seeded No. 1 through No. 4 according to the final regular season conference standings, with the top remaining seed matched against lowest remaining seed in one semifinal game while the two other semifinalists meeting with the winners advancing to the championship round. The Tournament Champion received an automatic bid to the 1986 NCAA Division I Men's Ice Hockey Tournament.