NBA Offseason: How Free Agency, Trades Have Shifted the 2027 NBA Title Odds

Published Jul 1, 6:50pm ET by

Keith McCarthy - Betting Preview Analyst and Sports Writer

Last updated Jul 1, 6:50pm ET

Pick status
Magic will play the Bulls in the NBA on Oct 30

Updated Jul 1, 7:00pm ET

  • LeBron James will depart Los Angeles after 8 seasons with the Lakers.
  • Giannis is leaving Milwaukee for the first time in his career to join the Heat.
  • Kawhi Leonard returns to Toronto, looking to recreate the magic of 2019.
  • Jaylen Brown and Paul George will be swapping teams within the division.
  • Other notable trades include LaMelo Ball to Minnesota and Ja Morant to Portland.

The 2026 NBA offseason has already seen massive implications as some of the biggest names in the sport find new homes for the upcoming NBA season. We break down how it affects the odds.

LeBron James to Leave Lakers, Walker Kessler Joins

The Move(s):
- LeBron James will depart Los Angeles, has not yet decided on a new team, heavily linked to Golden State and Cleveland.
- The Lakers traded for Jazz Center Walker Kessler, sending Utah two unprotected 1st-round picks and two pick swaps in the process. They then signed Kessler to a 4-year, $130 million contract.

TeamBefore MovesAfter Moves
Lakers+3000+3500
Jazz+20000+22500

Giannis Antetokounmpo to Leave Bucks for Heat

The Move(s):
- The Bucks acquired Tyler Herro, Jaime Jaquez Jr., Kel'el Ware, Kasparas Jakucionis, three unprotected 1st-round picks, one 2nd-round pick, and a pick swap in exchange for Giannis Antetokounmpo and Bobby Portis.

TeamBefore MovesAfter Moves
Bucks+25000+75000
Heat+4000+2700

Kawhi Leonard Makes Return to Toronto Raptors

The Move(s):
- The Raptors are acquiring 35-year-old Kawhi Leonard from the Clippers in exchange for Brandon Ingram, Gradey Dick, two unprotected 1st-round picks, two 2nd-round picks, and a pick swap.

TeamBefore MovesAfter Moves
Raptors+10000+2200
Clippers+7500+50000

Jaylen Brown and Paul George Swap Homes

The Move(s):
- The 76ers have acquired 2024 NBA Finals MVP Jaylen Brown, sending Paul George, two 1st-round picks and two 2nd-round picks to the Celtics in the process.

TeamBefore MovesAfter Moves
Celtics+550+1200
76ers+5500+2700