After the 1981 season, the Montreal Alouettes folded. However, one day later in 1982 the CFL granted the city of Montreal a new franchise called the Concordes, which assumed the Alouettes' history and player contracts. On the field, it was the Edmonton Eskimoes and the
Winnipeg Blue Bombers leading the way at 11-5-0, with Edmonton taking the Western Division title on tiebreakers. In the Eastern Division it was the Toronto Argonauts (9-6-1) taking the divsion by one game over the Hamilton Tiger-Cats (8-7-1).  The top three teams in each division would qualify for the playoffs.  This would also include the Calgary Stampeders (9-6-1) and the Ottawa Rough Riders (5-11-0).  In the first round of the playoffs, it was Ottawa upsetting Hamilton 30-20, while Winnipeg would have no trouble with Calgary 24-3.  In the Division Finals it was Toronto crushing Ottawa 44-7, while Edmonton would squeek by Winnipeg 24-21, setting up the match-up for the 70th Grey Cup Championship.  The game was played on Sunday, November 28, 1982, at Exhibition Stadium in Toronto.  The 70th Grey Cup, also known as the "Rain Bowl", was the 1982 Grey Cup Canadian Football League championship game between the Toronto Argonauts and the Edmonton Eskimos.  The Eskimos, who were making their sixth consecutive appearance in the CFL championship game, defeated the Argonauts 32–16 on the Eskimos' way to their fifth straight Grey Cup.  The Eskimos' bid for a record-breaking fifth consecutive Grey Cup victory looked to be in jeopardy at mid-season, as they began the year with a 3-5 record. But 10 straight victories later, they found themselves once again in the Grey Cup, pitted against the underdog Toronto Argonauts.  The Boatmen had last won a Cup in 1952 and last appeared in the CFL Final in 1971, and their hometown fans were giddy with expectation. Winners of only two games the previous season, the Argos took a 9-6-1 record into the 1982 Grey Cup game.  The game, played in a driving rainstorm, started well for Toronto.  After the Eskimo's Dave Cutler kicked a field goal, newly acquired Emanuel Tolbert scampered 84 yards for a touchdown off a screen pass for the Argonauts.  The Eskimos replied with a Brian Kelly touchdown reception, but the Argos scored again, with Condredge Holloway completing a 10-yard pass to Terry Greer.  Toronto now led 14-10, but from this point Edmonton and Warren Moon (the game MVP) would not look back.  With the Argonauts unable to move the ball with the wind in the third quarter, the Esksimos took control.  Another touchdown pass to Brian Kelly, a Neil Lumsden touchdown rush and three more Cutler field goals sealed the victory for the CFL's greatest dynasty.  Moon completed 21 of 33 passes for 319 yards, all while having to throw in the freezing rain.