The New York Knicks celebrated their first NBA title in 53 years on Thursday, parading through the Canyon of Heroes in front of millions of adoring fans.
While there’s still plenty of time between now and the start of the 2026-27 NBA season in October, there has already been plenty of offseason news affecting the 2027 NBA Finals odds.
Chief among them was the blockbuster trade that sent Giannis Antetokounmpo to the Miami Heat late Monday night.
Let’s see how that seismic news has shifted the latest NBA Finals odds.
2027 NBA Finals Betting Odds
All basketball odds used for these 2027 NBA Finals predictions are current as of Tuesday, June 23, and courtesy of DraftKings Sportsbook.
- San Antonio Spurs (+250)
- Oklahoma City Thunder (+260)
- Boston Celtics (+650)
- New York Knicks (+700)
- Miami Heat (+1800)
- Detroit Pistons (+2500)
- Denver Nuggets (+2500)
- Minnesota Timberwolves (+3000)
- Los Angeles Lakers (+3000)
- Indiana Pacers (+3500)
- Cleveland Cavaliers (+4000)
- Philadelphia 76ers (+5500)
- Houston Rockets (+6000)
- Golden State Warriors (+6000)
- Orlando Magic (+8000)
- Los Angeles Clippers (+8000)
- Charlotte Hornets (+9000)
- Atlanta Hawks (+9000)
- Portland Trail Blazers (+9000)
- Toronto Raptors (+10000)
All other teams have NBA Finals odds of +12000 or longer.
Who Will Win the 2027 NBA Finals?
San Antonio Spurs (+250)
The Spurs are the betting favorites to win the 2027 NBA Finals for good reason.
San Antonio arrived way ahead of schedule this past season, posting a 62-20 record and reaching the Finals in Victor Wembanyama’s first playoff run.
That run included a seven-game series win over the defending champion Oklahoma City Thunder, with Wembanyama asserting his dominance over Chet Holmgren and Co.
However, the Spurs’ inexperience showed in the five-game Finals defeat to the Knicks, as Wemby and others made costly mistakes in massive moments with various games on the line.
Still, San Antonio’s young core of Wembanyama, Stephon Castle, and Dylan Harper looks to be a problem for the rest of the league moving forward. If Mitch Johnson’s group can add a few more depth pieces this offseason, it could very well raise the Larry O’Brien Trophy next year.
Back the Spurs to win the NBA Finals as your NBA pick of the day.
Sportsbook Play of the Day
NBA Finals Contenders
Oklahoma City Thunder (+260)
The 2025 NBA champions fell short in their quest to become the first repeat title winners since the Golden State Warriors (2017 & 2018). Still, the Oklahoma City Thunder will be competitive in the Western Conference for years to come.
Injuries played a part in OKC’s demise, as Jalen Williams and Ajay Mitchell missed most of the Western Conference Finals, including the Thunder’s Game 7 defeat at Paycom Center.
However, Shai Gilgeous-Alexander enjoyed another terrific campaign, winning NBA MVP for the second straight season after averaging 31.1 points per game (second in the league) while shooting a career-best 55.3% from the field.
With SGA still in his prime years and OKC giving him plenty of help, the Thunder are in a strong position to win their second title in three years.
New York Knicks (+700)
A different team has won the NBA title each of the previous eight years, so history says it’ll be difficult for the Knicks to repeat.
However, it’d be unwise to tell this New York team, led by NBA Finals MVP Jalen Brunson, what it can’t do.
Mike Brown’s squad pulled off multiple improbable victories during its championship run, including erasing a 29-point deficit in Game 4 against the Spurs to complete the largest comeback in NBA Finals history.
Barring any unforeseen trades, New York will return its starting five next season, but GM Leon Rose has some work to do to keep the Knicks’ productive bench intact, as the franchise looks to stay below the second apron.
NBA Finals Sleeper Pick
Miami Heat (+1800)
Miami’s odds to win the NBA Finals sat at +4000 before Pat Riley pulled off the blockbuster trade to acquire Giannis Antetokounmpo and Bobby Portis.
The Heat will send three first-round picks and several players back to Milwaukee, including guard Tyler Herro and NBA Sixth Man of the Year finalist Jaime Jaquez Jr.
While that was a large price to pay, coach Erik Spoelstra now has one of the most dominant frontcourts in the NBA, with Giannis and Bam Adebayo.
The Miami backcourt will need some help, but there’s still plenty of offseason remaining for the Heat to give some help to Davion Mitchell and Norman Powell.
