What happened: The San Antonio Spurs and Oklahoma City Thunder have opened as co-favorites to win the 2026-27 NBA Championship. The opening lines follow a season where the San Antonio Spurs returned to the Finals.

Why it matters: The market move highlights a definitive shift toward a new era of dominance in the Western Conference. Oddsmakers are backing the sustained growth of San Antonio and Oklahoma City over established Eastern Conference contenders following the conclusion of the 2026 postseason.

What to watch: Front office decisions during the draft and free agency will be the next major catalyst for movement in the championship market.