As one of the highlights of the NBA calendar, this year`s Christmas Day schedule showcased nearly all of the league`s elite teams. With a few exceptions, it is highly likely that many teams destined for deep playoff runs in the spring were featured in these national broadcasts.
Following a thrilling series of holiday matchups, we conduct a survey of these 10 teams, analyzing the statistical indicators that offer reasons for optimism or caution regarding their championship aspirations. The teams are ordered based on their probability of reaching the Finals, according to ESPN`s Basketball Power Index (BPI).
- Oklahoma City Thunder (26-5, 64.4% Finals chance)
- New York Knicks (21-9, 35.7% Finals chance)
- Denver Nuggets (21-8, 12.7% Finals chance)
- Houston Rockets (18-10, 12.4% Finals chance)
- Cleveland Cavaliers (17-15, 9.9% Finals chance)
- San Antonio Spurs (23-7, 6.1% Finals chance)
- Golden State Warriors (16-15, 1.2% Finals chance)
- Minnesota Timberwolves (20-10, 1.4% Finals chance)
- Los Angeles Lakers (19-10, 1.1% Finals chance)
- Dallas Mavericks (12-20, 0.0% Finals chance)
Oklahoma City Thunder (26-5, 64.4% Finals chance)
Number that inspires hope: 9.9
Oklahoma City is allowing 9.9 fewer points per 100 possessions than the league average this season. This is a historically unprecedented defensive rating, going back to 1973-74. The previous record was held by the 2003-04 Spurs, at 8.8 points below average. A season after winning the title largely due to their defense, this unit has elevated its performance to an all-time great level in 2025-26.
Number that inspires concern: 12%
The Thunder’s favorable early-season schedule has been a topic of discussion. During their impressive 24-1 start, only three of those 25 games (12%) were played against Detroit, New York, or teams currently ranked in the top six of the Western Conference. However, 21 of their remaining 57 games (37%) are scheduled against these top-tier opponents.
Following losses to the Spurs (three times, including on Christmas) and the Timberwolves, the Thunder now hold a 3-4 record with a minus-0.6 point differential against the league`s best teams, compared to a dominant 23-1 record with a plus-18.2 margin against all others. While they remain the clear title favorite, they must prove they can consistently overcome elite competition in the playoffs.
New York Knicks (21-9, 35.7% Finals chance)
Number that inspires hope: 40%
Wings Mikal Bridges, OG Anunoby, and Josh Hart are collectively shooting 40% from beyond the arc, with all three hitting at 38% or better. This represents a significant improvement from last season (35.7%). If this trend holds, it is crucial for the Knicks, as it prevents opposing defenses from easily sagging off these wings to help defend New York’s primary scoring threats, Jalen Brunson and Karl-Anthony Towns.
Number that inspires concern: 40%
Mitchell Robinson`s free-throw percentage, currently sitting at 40%, remains a serious worry. While he recently boosted this average with a 10-for-13 stretch, this rate is still highly worrisome. Robinson`s size and offensive rebounding skills make him vital (New York has a plus-8.5 net rating with him on the floor), but the threat of the “Hack-a-Mitch” tactic—given his career 39% playoff free throw rate—could severely limit his effectiveness in high-leverage playoff moments.
Denver Nuggets (21-8, 12.7% Finals chance)
Number that inspires hope: Negative-1.1
After years of struggling when Nikola Jokic sat, the Nuggets are finally stabilizing their performance without their MVP. Denver’s net rating with Jokic on the bench has dramatically improved to Negative-1.1 points per 100 possessions this season. This is a massive leap from the previous four seasons, which saw bench units register net ratings ranging from Negative-7.9 to Negative-10.4.
New additions like backup center Jonas Valanciunas, Bruce Brown, and Tim Hardaway Jr. deserve credit for this stabilization. This improvement, achieved even with Aaron Gordon missing significant time, bodes well for maintaining high performance during playoff minutes when Jokic rests.
Number that inspires concern: 12%
While the Nuggets currently boast the most efficient offense in league history, their defense ranks only 17th. A key defensive issue is exposure: a league-high 12% of their opponents` shot attempts are valuable corner 3-pointers, according to Cleaning the Glass. Opponents are making 37% of these attempts, highlighting a vulnerability that could be exploited in the postseason.
Houston Rockets (18-10, 12.4% Finals chance)
Number that inspires hope: 43%
Thanks to the presence of Steven Adams, Alperen Sengun, and a generally massive rotation, the Rockets` offensive rebounding rate is 43% higher than the league average this season. This is, by far, the highest margin in NBA history. Houston`s offensive rebounding rate is the highest recorded by any team since 1994-95.
This outlier skill provides crucial extra possessions. For comparison, the 2015-16 Thunder, who pushed the 73-win Warriors to seven games in the conference finals, previously held the record for league-adjusted offensive rebounding rate (+31%). This advantage could prove vital for the Rockets in high-stakes playoff matchups.
Number that inspires concern: 26%
Among 174 players with at least 100 jump shots this season, Amen Thompson ranks last with a 26% effective field goal percentage (eFG%) on jumpers, while Alperen Sengun ranks 163rd at 42%. While both young stars have improved overall and rank high in team scoring, they still struggle significantly to score away from the basket.
Despite having knockdown shooters like Kevin Durant, crunch time in the playoffs could become strategically challenging if the Rockets frequently deploy two non-shooters (Sengun and Thompson) simultaneously, or even three if Adams is added for rebounding.
Cleveland Cavaliers (17-15, 9.9% Finals chance)
Number that inspires hope: 2
While six teams in the Western Conference have 10 losses or fewer, only two teams in the Eastern Conference do. This relative weakness means that even with a 17-15 record, Cleveland is still just 1.5 games away from a top-four seed and home-court advantage in the first round. If the Cavs had this record in the West, they would be four games out of the top four.
Coach Kenny Atkinson has referenced the 2021-22 Boston Celtics, a talented team that took time to find cohesion, starting 25-25 before finishing 26-6 and reaching the Finals. The biggest source of hope for Cleveland`s turnaround lies in the Eastern Conference offering a similarly forgiving path this year.
Number that inspires concern: $22 million
The Cavaliers are the only team currently positioned above the second luxury tax apron, exceeding that threshold by just over $22 million. This financial status creates significant on-court limitations. Because of the severe apron restrictions, the Cavaliers have fewer options to improve their underachieving roster through in-season transactions. They cannot take back more salary in a trade than they send out, cannot aggregate salaries, and are restricted from signing high-salary buyout players.
San Antonio Spurs (23-7, 6.1% Finals chance)
Number that inspires hope: 101.7
The Thunder’s defense is historically great, allowing 104.6 points per 100 possessions. However, when Victor Wembanyama is on the floor, the Spurs are allowing only 101.7 points per 100 possessions. Wembanyama, who ranks fifth in individual defensive rating among high-minute players, single-handedly elevates an otherwise below-average San Antonio defense into a fearsome, elite terror.
Number that inspires concern: 28.8%
Two young Spurs guards, Dylan Harper and Stephon Castle, are shooting a combined 28.8% from three-point range. While lineups featuring Castle, Harper, and Wembanyama have been overwhelmingly dominant in a small sample size (a plus-51.1 net rating over 55 minutes), these low perimeter shooting percentages present a warning sign for the playoffs.
During the postseason, smart, locked-in defenses will focus on crowding Wembanyama inside, forcing his young teammates to convert perimeter shots. Whether Harper and Castle can hit those shots will likely determine if San Antonio is a legitimate Finals threat this year or if they need more developmental seasoning.
Golden State Warriors (16-15, 1.2% Finals chance)
Number that inspires hope: 111.0
The Warriors’ defensive rating of 111.0 is the second best in the Western Conference, trailing only the Thunder. Draymond Green correctly notes that their past championship runs were built on elite defense, ranking first, second, 11th, and second in their four title seasons. Given this historical precedent, the Warriors still profile as sleeper contenders in 2025-26 based on their defensive backbone.
Number that inspires concern: 42
The flip side of their defensive strength is offensive weakness, which has kept Golden State near the .500 mark. The Warriors rank just 23rd in offensive rating, their worst mark of the Stephen Curry era (excluding the injury-plagued 2019-20 season). A primary culprit is the lack of easy interior scoring: they average only 42 points per game in the paint, the fewest of any team except the Nets.
While the Warriors have never been paint-dominant, during their four-year peak (2014-15 through 2017-18), they consistently ranked in the top half of the league in paint points, never falling to the bottom tier.
Minnesota Timberwolves (20-10, 1.4% Finals chance)
Number that inspires hope: 11.2
Despite concerns over moving away from a traditional point guard and inserting Donte DiVincenzo into the starting lineup (replacing 38-year-old Mike Conley), their new core unit has been exceptional. The five-man lineup of DiVincenzo, Anthony Edwards, Jaden McDaniels, Julius Randle, and Rudy Gobert has played a league-high 264 minutes with an outstanding plus-11.2 net rating.
For reference, only three five-man lineups with comparable minutes last season achieved a better net rating, and those teams were either heavy favorites or reached the Finals.
Number that inspires concern: 18.4
The situation where Minnesota’s lack of a true point guard is most apparent is the clutch. The Timberwolves suffer from an 18.4% clutch turnover rate, by far the worst in the league (the Clippers and Trail Blazers are the only other teams above 14%).
Turnover rate typically decreases in the clutch due to increased free throws and one-on-one play, but the opposite is true for Minnesota. These late-game giveaways have directly contributed to crucial losses and are an execution failure they cannot afford to repeat in tight playoff series.
Los Angeles Lakers (19-10, 1.1% Finals chance)
Number that inspires hope: 10-0
The Lakers hold a perfect 10-0 record in clutch games, a significant statistical outlier compared to their 9-10 record in all other contests. While clutch performance often regresses to the mean, if any team is designed to consistently overachieve in close contests, it is the Lakers, who possess three elite creators (Doncic, James, Reaves) and the best free throw differential in the league. No Western Conference contender would willingly face this trio in the final minutes of a tie game.
Number that inspires concern: 4.9
Looking at their underlying metrics, the Lakers` net rating suggests they `should` have approximately 14.1 wins, not their actual 19. That 4.9-win gap is the largest in the league. Simply put, there is no precedent for a team with such a mediocre résumé (being outscored by 0.5 points per game) to win the title in the modern playoff format. The champion with the worst point differential since 1983-84 was the 1994-95 Rockets, at plus-2.1.
However, recent history offers some hope, as multiple finalists have caught fire in the playoffs after middling regular seasons (e.g., the 2022-23 Heat, 2023-24 Mavericks).
Dallas Mavericks (12-20, 0.0% Finals chance)
Number that inspires hope: 12.0
The Mavericks notoriously started the season without a capable point guard, resulting in offensive struggles. However, undrafted rookie Ryan Nembhard has been a revelation. Since he joined the starting lineup on November 28, Dallas`s offensive rating has surged by 12.0 points per 100 possessions.
Before Nembhard’s promotion, the Mavericks were 5-14 and ranked 30th in offense. With him running the system, Dallas is 7-6 and boasts a top-10 offense, effective field goal percentage, and turnover rate.
Number that inspires concern: 98
More than any other team on this list, Dallas is playing for the future. It is a major concern that Dereck Lively II, who appears to be the team’s long-term center, has played only 98 games (40% of available games) over three NBA seasons due to persistent injuries, including foot surgery that ended his 2025-26 campaign early. While Lively, Cooper Flagg, and Nembhard form a promising young core, reliance on Lively to remain on the court is becoming increasingly difficult.








