The 1986–87 WHL season was the 21st season of the Western Hockey League. Fourteen teams completed a 72 game season. The Medicine Hat Tigers won the President's Cup before going on to also capture the Memorial Cup.
- The Lethbridge Broncos returned to Swift Current, Saskatchewan to become the Swift Current Broncos.
- On December 30, 1986, a bus crash involving the Swift Current Broncos caused the deaths of four players: Trent Kresse, Scott Kruger, Chris Mantyka and Brent Ruff. The WHL would later rename its Most Valuable Player award the Four Broncos Memorial Trophy in their honor.
- On March 1, 1987, Regina Pats player Brad Hornung was paralyzed during a game by a check. The WHL would later rename its Most Sportsmanlike Player award the Brad Hornung Trophy in his honor.
|x Medicine Hat Tigers||72||48||19||5||101||383||264|
|x Saskatoon Blades||72||44||26||2||90||369||282|
|x Prince Albert Raiders||72||43||26||3||89||346||264|
|x Moose Jaw Warriors||72||38||31||3||79||366||321|
|x Regina Pats||72||31||37||4||66||332||356|
|x Swift Current Broncos||72||28||40||4||60||331||393|
|Brandon Wheat Kings||72||19||49||9||42||282||443|
|x Kamloops Blazers||72||455||14||3||113||496||292|
|x Portland Winter Hawks||72||47||23||2||96||439||355|
|x Spokane Chiefs||72||37||33||2||76||374||350|
|x Victoria Cougars||72||30||41||1||61||334||412|
|New Westminster Bruins||72||18||50||4||40||300||432|
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalties in minutes
|Rob Brown||Kamloops Blazers||63||76||136||212||101|
|Craig Endean||Regina Pats||72||69||77||146||34|
|Len Nielsen||Regina Pats||72||36||100||136||32|
|Joe Sakic||Swift Current Broncos||72||60||73||133||31|
|Theoren Fleury||Moose Jaw Warriors||66||61||68||129||110|
|Adam Morrison||Victoria Cougars||65||55||70||125||57|
|Greg Hawgood||Kamloops Blazers||61||30||93||123||139|
|Ron Shudra||Kamloops Blazers||71||49||70||119||68|
|Robin Bawa||Kamloops Blazers||62||57||62||113||91|
|Pat Elynuik||Prince Albert Raiders||64||51||62||113||40|
- Medicine Hat earned a bye
- Saskatoon earned a bye
- Prince Albert defeated Swift Current 3 games to 1
- Moose Jaw defeated Regina 3 games to 0
- Medicine Hat defeated Moose Jaw 4 games to 2
- Saskatoon defeated Prince Albert 4 games to 0
- Kamloops defeated Victoria 5 games to 0
- Portland defeated Spokane 5 games to 0
- Medicine Hat defeated Saskatoon 4 games to 3
- Portland defeated Kamloops 5 games to 3
- Medicine Hat defeated Portland 4 games to 3
On January 20, the East Division defeated the West Division 4–3 at Regina, Saskatchewan with a crowd of 3,652.
- Note: For the 1986–87 season, the WHL handed out separate awards for the East and West Divisions.
- 2005–06 WHL Guide
1985–86 WHL season
|WHL seasons|| Succeeded by|
1987–88 WHL season
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