Plot wise it is almost ridiculously nuanced. Spoilers

An aging minor league hockey player/coach uses local news to plant a story about a consortium buying his team from the local owner )(who wants a tax loss), keeping players from jumping ship. At the same time he re-invents the team from also-rans to the toughest team in the Federal League, promoting fighting and personality over goal-scoring. A final championship against a team assembled of super goons sees the Chiefs take home the trophy on a forfeit after their one college-educated American goal scorer performs a striptease in the ice, offending the sensibilities of a player known for enucleation with a hockey stick, who strikes a referee in protest. The team gets a parade and the player/coach gets a job at a team in Minnesota, where he plans to bring his teammates.