Having been crowned league champions for the first and only time in the history in 1898, now Sheffield United found themselves in the cup final for the first time in their history and few could begrudge them their place at the Crystal Palace. Both sides had failed to live up to their form of the previous season in the league and United had slumped under the weight of defending their title and were in free fall down the table. They would finish their league campaign just one place above the drop but were fortunate that their early season form had been good enough to ensure that they were never in danger of being relegated. Derby had lost their league visit to Sheffield in November in a season that saw them in mid table throughout but they established themselves as a strong cup side especially when outplayed in the second round against Wolves only to snatch a last minute vistory to avoid a trip to Molyneux. Other than that Derby had been convincing in their cup run and it was this plus their greater experience in the final that made them slight favourites on the day. Six of their team returned from losing to Nottingham Forest the previous year while the entire United team were experiencing their first final. One big plus about United though was the fact that in the cup they never knew when they were beaten. Having been held themselves in the first round, they had required a very late goal to get a replay against Preston in round two and they left it to the very last kick of the game to force a replay in the semi final against Liverpool. In all United had played eight games to get to the final and only won one of their four ties at the first attempt. Added to that, one of their semi final clashes with Liverpool had been abandoned at half time with United trailing by a goal to nil.
The rain had poured down all week before the final but fortunately the sun did show its head on the morning of the final although the dark clouds soon rolled in again to provide some light rain. At least the addition of a new stand at the Palace meant that there was more opportunity than ever to get some shelter.
Sheffield United were able to field their strongest team when Tom Morren was declared fit but Derby had injury worries on the morning of the final as their Irish International Oakden was ruled out through injury, giving Arkesden an unexpected call up. Archie Goodall also paid a heavy price for his failure to turn up for a pre semi final training session for which he had been suspended. Paterson had impressed so much in the game against Stoke that he retained his centre half spot for the final.
Derby kicked off the final at half past three with the sun back out to warm the fans and it was the Rams who quickly got on top. They forced a series of corners in the opening fifteen minutes and when, in the twelfth minute, one of these was cleared only as far as Bloomer on the edge of the box, they made the break through. Bloomer's cross caused mayhem in the United defence and in a scramble, John Boag managed to prod the ball home from close range. The United players were incensed as they felt Boag was clearly offside but the goal stood and Derby were one up. United did manage to make the odd foray into the Derby goalmouth but for the remainder of the first half it was very much looking like Derby's day.
Two minutes before the break it looked like curtains for United when Steve Bloomer, the leagues most dangerous marksman was presented with an open goal only for the England International to screw his shot tamely wide of goal.
Derby were still the better side in the opening minutes of the second half but surprisingly it was their star player who prevented them from wrapping up the game as Bloomer yet again missed a sitter in the early stages. The two glaring misses would prove costly as when United were presented with a sniff of a chance on the hour mark they grabbed it with both hands. Needham tricked his way to the byline before sending in a perfect cross which Bennett headed home powerfully to level matters. The cup was won in the next nine minutes as United took Derby apart. Beers raced through the Derby defence in the 65th minute to blast a second past Fryer and when the same player rattled the post in the 69th minute, Almond was first to react to put the game beyond doubt. Derby were looking every bit a beaten side at this stage and there was never any danger of their tired front line gaining any consolation. All that was left was for Fred Priest to round off the victory in the final minute with United's fourth goal of the game. In fairness 4-1 flattered United as they had been second best for an hour but Derby should have had the game sown up at that stage and failed to take their chances. When United got the chances they took them all in a devastating spell which was deserving of the cup.
Ernest Nudger Needham led his side up to collect the cup for the first time from Lord Balfour on a day when it was particularly good to be a Sheffield red. When the United fans returned to Sheffield that evening they were informed by the evening papers that local rivals, Wednesday had lost a crucial league game against Newcastle and had been relegated.