2024/25 NBA Championship Odds: Reigning champion Boston Celtics are the early favorites

Who lifts the Larry O'Brien Trophy at the end of the 2024/25 NBA season?

The Boston Celtics are the 2023/24 NBA champions after beating the Dallas Mavericks in five games.

Let's take a look at the latest NBA title odds.

2024/25 NBA Championship odds

BOS Celtics	+300
DEN Nuggets	+750
PHI 76ers	+800
NY Knicks	+850
OKC Thunder	+850
MIN Timberwolves	+900
DAL Mavericks	+1000
MIL Bucks	+1200
LA Lakers	+3000
PHX Suns	+3000
GS Warriors	+3500

Boston Celtics +300

The Boston Celtics dominated the 2023/24 NBA regular season and playoffs on the way to winning the 18th NBA Championship in franchise history.

They posted a +11.6 net rating for the season, which ranks among the 1995/96 Chicago Bulls and 2016/17 Golden State Warriors as one of the best of all time.

The entire starting five - Jayson Tatum, Jaylen Brown, Kristaps Porzingis, Jrue Holiday and Derrick White - are all under contract for '24/25, as are reserves Al Horford, Payton Pritchard, Sam Hauser and Jaden Springer. Assuming Boston runs it back, the rest of the league will have to find a way to stop them.

Denver Nuggets +750

The Denver Nuggets had plenty of continuity from prior years in 2023/24, but it seemed that their championship run in 2023 caught up to them in the 2024 postseason since the team looked worn out. But they still have four of the five starters from that championship team under contract for 2024/25.

The Nuggets will need to replace Kentavious Caldwell-Pope, but this is a franchise that has drafted well with Peyton Watson and Christian Braun emerging as role players. And, with Jamal Murray and three-time MVP Nikola Jokic, this team can't be counted out.

Philadelphia 76ers +800

The Philadelphia 76ers signed Paul George within the first 12 hours of NBA free agency, and the team's title odds moved to +800. Philly was +1400 to win the title entering the 2024 offseason.

The trio of George, Joel Embiid and Tyrese Maxey rivals that of any team in the NBA, but teams need more than three quality players to be successful. Questions remain regarding whether the stars can show up in the playoffs and how good the rest of the team will be.

Philly added Andre Drummond and Eric Gordon in free agency and drafted Jared McCain and Adem Bona. Kelly Oubre is also returning, but general manager Daryl Morey has work to do to fill out the roster.

New York Knicks +850

The Knicks' 2024/25 title odds have already improved just one week into the offseason.

New York traded for Mikal Bridges, the former college teammate of star players Jalen Brunson, Josh Hart and Donte DiVincenzo, all of whom won a national championship together at Villanova. Plus, they re-signed one of the best perimeter defenders in the league, OG Anunoby.

The Knicks were already a strong outfit, having won 50 games and earned the second seed in the East last season, but this move to acquire Bridges pushes them to a new level.

Oklahoma City Thunder +850

The Oklahoma City Thunder surprised the NBA with how quickly they went from being a consistent lottery team to a contender. OKC went 40-42 in 2022/23, then improved to 57-25 in 2023/24 to finish first in the West as point guard Shai Gilgeous-Alexander became an MVP finalist.

The Thunder lost to eventual the eventual runner-up Dallas Mavericks in the Conference Semifinals, going down in six games. Most Thunder players are still on their rookie contracts, providing the team with tons of financial flexibility.

Less than a week after the end of the 2024 NBA Finals, GM Sam Presti traded guard Josh Giddey to the Chicago Bulls for defensive ace Alex Caruso. The signing of free agent center Isaiah Hartenstein strengthens the defense and gives the team an elite offensive rebounder.

Minnesota Timberwolves +900

The 2023/24 Minnesota Timberwolves allowed the fewest points per game and the lowest opponent field goal percentage, and posted the best defensive rating in the NBA. This team used a defense-first approach to get to the Western Conference Finals, but they fell short in five games.

Minnesota players now have more playoff experience under their belts, and the team has seven of its key players under contract for next season: Anthony Edwards, Karl-Anthony Towns, Rudy Gobert, Jaden McDaniels, Naz Reid, Mike Conley and Nickeil Alexander-Walker.

Dallas Mavericks +1000

The Dallas Mavericks surprised NBA fans and experts when they made a run to the 2024 NBA Finals. Midseason additions Daniel Gafford and PJ Washington were perfect complements to Luka Doncic and Kyrie Irving, and that gave the team a boost late in the regular season entering the playoffs.

The Mavs will likely run it back with mostly the same roster they ended the 2024 Playoffs with. Doncic should be motivated after losing in the Finals in five games, and the roster is built to get the most out of him and Irving on offense.

Odds displayed in this article were correct at the time of writing and are subject to change.