With the NBA’s 2022-23 season right around the corner, it’s time to take a look at updated NBA championship odds for the Knicks and Nets.
The NBA tips off its 77th season later this month and the championship odds reflect several potential contenders. Teams open their preseason schedules this week following a tumultuous offseason that featured dramatic twists and turns, including for both New York teams. But now, both the Knicks and Nets hope to defy the odds and end their championship droughts.
Following Golden State’s title victory over the Boston Celtics in last season’s NBA Finals, the championship odds at most sportsbooks set four or five teams within a contender tier. Once free agency opened and player movement began, those odds started to shift.
But after all the coaching changes, trade demands, and roster moves, the 2022-23 NBA Championship odds look very similar to that initial release. Each of the last five seasons have ended with a new NBA champion, and no team has repeated as title winners since the Warriors did so in 2018 and 2019.
The Warriors enter the 2022-23 season with some of the shortest odds to win this year’s NBA championship, which would be the fifth for the core of Stephen Curry, Draymond Green, and Klay Thompson.
Knicks See Long NBA Championship Odds for 2022-23
Following another disappointing regular season, the New York Knicks pinned their hopes on a roster reset this offseason. New York entered the offseason with some of the longest NBA Championship odds in the league (+25000 at most sportsbooks). The team traded away draft capital to free up cap space in order to sign one of the top free agents on the market, guard Jalen Brunson.
This move shortened the Knicks’ NBA Championship odds to +10000, certainly a step in the right direction but far from the contender tier. But unrest in Utah signaled a potential franchise-altering deal for the Knicks, as the team hoped to land Jazz All-Star and New York-native Donovan Mitchell via trade.
Speculation drove the chatter for this deal and the Knicks looked to be on the verge of acquiring Mitchell. The noise grew loud enough to alter the team’s championship odds, but the Knicks balked at Utah’s price and the Jazz ultimately made a deal with the Cleveland Cavaliers instead.
Heading into the 2022-23 season, the Knicks hope to make it back to the postseason and finally take a significant step forward. Over the last 20 seasons, New York’s managed 40 or more wins just three times, winning just one playoff series over that span. The squad’s projected win total for this season sits at 39.5 at most sportsbooks.
Assuming a leap for R.J. Barrett, the addition of Brunson and the reemergence of Julius Randle could lead the Knicks to over that total. There’s a chance they contend for a playoff spot, but they remain extreme longshots for a title.
Nets Among Contenders for 2022-23 NBA Championship Odds
The Brooklyn Nets stand among the 12 franchises that have never won an NBA championship. The Nets have been among the contenders for the title since landing Kevin Durant in 2019, but injuries and inconsistencies have kept them from hoisting the Larry O’Brien trophy.
The Nets opened among the contenders with solid 2022-23 NBA Championship odds, getting +750 at most sportsbooks. But following trade demands from both Kevin Durant and Kyrie Irving, Brooklyn faded across the board to +5000. But after months of uncertainty surrounded their two stars, Irving opted-in on his contract and Durant announced he would remain with the club.
Those declarations shot Brooklyn back up the board in August.
Now, the Nets enter the 2022-23 season among the contenders for the title. With their returning stars in tow, Brooklyn built up a solid roster of role players. The team added Royce O’Neale (Utah), Markieff Morris (Miami), and TJ Warren (Indiana) to beef up their frontline and expect sharpshooter Joe Harris back from injury. Former All-Star Ben Simmons is reportedly healthy and ready to go as well.
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Brooklyn should be in the mix with Boston and the Bucks this season, barring injuries to its top stars.