The Oklahoma City Thunder and San Antonio Spurs are co-favorites to win the 2026-27 NBA championship at +270 each. The New York Knicks, who beat San Antonio in the 2026 Finals, are +900.
Those are DraftKings prices on ESPN’s 2026-27 futures board, read on September 24, 2026. The season opens October 20, and the playoffs start April 17, 2027.
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2027 NBA championship odds
| Team | Odds | Implied chance | 2025-26 record |
|---|---|---|---|
| Oklahoma City Thunder | +270 | 27.0% | 64-18 |
| San Antonio Spurs | +270 | 27.0% | 62-20 |
| Philadelphia 76ers | +900 | 10.0% | 45-37 |
| New York Knicks | +900 | 10.0% | 53-29 |
| Boston Celtics | +1300 | 7.1% | 56-26 |
| Cleveland Cavaliers | +2200 | 4.3% | 52-30 |
| Toronto Raptors | +2500 | 3.8% | 46-36 |
| Minnesota Timberwolves | +2500 | 3.8% | 49-33 |
| Detroit Pistons | +2500 | 3.8% | 60-22 |
| Denver Nuggets | +2500 | 3.8% | 54-28 |
| Miami Heat | +3000 | 3.2% | 43-39 |
| Los Angeles Lakers | +3500 | 2.8% | 53-29 |
| Indiana Pacers | +4000 | 2.4% | 19-63 |
| Houston Rockets | +5000 | 2.0% | 52-30 |
The implied chance is the price turned into a percentage, before the book’s margin comes out. All 30 teams add up to about 121%. The board runs out to the Grizzlies, Kings and Nets at +100000.
This is the 2026-27 market. ESPN files it under the season it labels 2026-27, and the 2026 title has already been decided.
The favorites
Oklahoma City had the best record in the league at 64-18 and allowed 107.9 points a game, second-fewest. Its season ended in the Western Conference Finals, where San Antonio won Game 7 in Oklahoma City, 111-103.
The Spurs went 62-20, then beat Portland, Minnesota and Oklahoma City to reach the Finals. Victor Wembanyama was the Western Conference Finals MVP. The two teams meet on opening night, October 20, when the Thunder play at San Antonio.
The East behind them
Philadelphia and New York share third place on the board at +900. The 76ers were the seventh seed at 45-37, beat second-seeded Boston in seven games, then were swept by the Knicks.
Detroit finished first in the East at 60-22 and is +2500, tied for seventh. Cleveland knocked the Pistons out in the second round, winning Game 7 in Detroit 125-94. The Pacers, who reached the 2025 Finals, went 19-63 last season and are +4000.
How the Knicks won the 2026 title
New York beat San Antonio 4-1 in the Finals, played June 3 to 13. It won the first two games in San Antonio, lost Game 3 at home, took Game 4 by a point and closed it out 94-90 in Game 5 on the road.
| Game | Score |
|---|---|
| Game 1 | Knicks 105, Spurs 95 |
| Game 2 | Knicks 105, Spurs 104 |
| Game 3 | Spurs 115, Knicks 111 |
| Game 4 | Knicks 107, Spurs 106 |
| Game 5 | Knicks 94, Spurs 90 |
Jalen Brunson scored 45 in Game 5 and averaged 32.6 points in the series, and he was named Finals MVP. The Knicks went 16-3 in the playoffs. For the full series, see our NBA Finals MVP odds page.
Recent NBA champions
| Season | Champion | Runner-up | Series |
|---|---|---|---|
| 2025-26 | New York Knicks | San Antonio Spurs | 4-1 |
| 2024-25 | Oklahoma City Thunder | Indiana Pacers | 4-3 |
| 2023-24 | Boston Celtics | Dallas Mavericks | 4-1 |
| 2022-23 | Denver Nuggets | Miami Heat | 4-1 |
| 2021-22 | Golden State Warriors | Boston Celtics | 4-2 |
| 2020-21 | Milwaukee Bucks | Phoenix Suns | 4-2 |
| 2019-20 | Los Angeles Lakers | Miami Heat | 4-2 |
| 2018-19 | Toronto Raptors | Golden State Warriors | 4-2 |
| 2017-18 | Golden State Warriors | Cleveland Cavaliers | 4-0 |
| 2016-17 | Golden State Warriors | Cleveland Cavaliers | 4-1 |
The last eight seasons produced eight different champions. Golden State in 2017-18 was the last team to repeat.
What the prices say
At +270, the price gives the Thunder and the Spurs about 27% each, so together a little over half. The Knicks and 76ers are 10% each. A futures bet is worth making only when you rate a team’s chance higher than the price does, and this board will move through the season.
Our Eastern Conference odds and Western Conference odds pages carry the conference boards. Team pages for the New York Knicks and San Antonio Spurs hold their schedules, and the two meet on Christmas Day in New York. From October 20, our NBA predictions carry the nightly lines, and our NBA betting guide covers the season. To compare books first, see our sportsbook reviews.