In 1993, the script was written as a vehicle for Arnold Schwarzenegger. About a drill instructor, who's father dies and must carry on his legacy as the tooth fairy. However, Schwarzenegger chose the script for Last Action Hero (1993) instead and the project went into limbo for years.
When Derek and Tracy are starting the fairy fight, Dwayne "The Rock" Johnson says, "You want a shot at the title?" This is a reference to his former pro wrestling career in which he was a seven-time WWE champion.
The players' uniforms mimic those of the Vancouver Canucks away jersey. The design of the wolf is very close to the orca whale that is the current (as of 2012) Canucks mascot and the main focal point of their logo. Also, the Canucks' AHL minor-league affiliate happen to be the Chicago Wolves, although they have a logo completely separate from that of the Canucks.
The opposition in both the first and last minor league game played wore uniforms that match the color scheme of the 1990s Vancouver Canucks. Their logo says they are the "Woodsmen," but the face in the logo resembles "Johnny Canuck," an original inspiration for the name "Canucks."
At the end when Billy Crystal is sitting down next to Julie Andrews at the LA Kings game. He hands her various items from the concession stand saying "I brought you a few of your favorite things.". This is an obvious reference to Andrews' starring in "The Sound of Music" where she sang "My Favorite Things".