Dye was one of the NHL's most feared scorers during the 1920s, mostly with the Toronto St. Patricks, now the Toronto Maple Leafs.

Though Dye was born in Hamilton, Ontario, he grew up in Toronto and played his junior hockey there. He came to the NHL with the St. Patricks in 1919-20 and scored 11 goals in 23 games as a rookie, then averaged more than a goal a game for the next five seasons.

Though Dye weighed 150 pounds and wasn't a fast skater, he had a hard, accurate wrist shot that became his trademark and was a threat to score from almost anywhere on the ice. In eight seasons with Toronto, he led the NHL in goals three times (35 in 1920-21, 27 in 1922-23 and 38 in 1924-25), tied for the lead (31) in 1921-22 and was second in 1923-24. He also led the League in points in 1922-23 and 1924-25. Dye's 38 goals in 1924-25 were a Toronto record until Frank Mahovlich scored 48 in 1960-61, when the schedule had grown to 70 games.

Dye helped the St. Patricks win the Stanley Cup in 1922, scoring four goals in the fifth and deciding game of the Final against the Vancouver Millionaires of the Pacific Coast Hockey Association. His nine goals in the series are still a Cup Final record.

Toronto sold Dye to the expansion Chicago Black Hawks in 1926, and he tied for second in the NHL with 25 goals in 1926-27. But at training camp before the 1927-28 season, Dye broke his leg and was never the same player again. He was scoreless in 11 games that season, scored one goal in 42 games for the New York Americans in 1928-29, and after a season in the minors was scoreless in six games with Toronto, which had become the Maple Leafs, in 1930-31 before retiring with 252 points (203 goals, 49 assists) in 272 NHL games.

Dye coached hockey briefly in Ontario and then in Chicago, where he worked for a petroleum company for 20 years. He was 63 when he died on Jan. 3, 1962, and was elected to the Hockey Hall of Fame eight years later.