He took a break from coaching the Golden Bears in 1975 to coach the Edmonton Oilers, then in the World Hockey Association. It was not very successful for Drake and he soon returned to the Golden Bears.
When he retired as coach in 1989, Drake had won 697 games, more than any other university coach in North America.
He was inducted into the Alberta Sports Hall of Fame in 1981 and into the Canadian Sports Hall of Fame in 1989.
After his retirement in 1989 he was an assistant coach of the Winnipeg Jets in 1989-90. Later he worked with the Dallas Stars in the 2001 playoffs.