The 1954 NCAA Men's Division I Ice Hockey Tournament was the 7th such tournament in NCAA history. It was held between March 11 and 13, 1954, and concluded with Rensselaer defeating Minnesota 5 to 4 in overtime. This was the first championship game to go into overtime. Rensselaer's title was the only championship won by a team from the Tri-State League. Despite its low membership the Tri-State League would send at least one representative to the tournament every year from 1952 through 1964 before being dissolved in 1972. All games were played at the Broadmoor Ice Palace in Colorado Springs, Colorado.