Knicks NBA Championship Odds Improve After Karl-Anthony Towns Trade

Jan 1, 2024; New York, New York, USA; Minnesota Timberwolves center Karl-Anthony Towns (32) looks to drive past New York Knicks forward Julius Randle (30) in the first quarter at Madison Square Garden. Mandatory Credit: Wendell Cruz-Imagn Images | Wendell Cruz-Imagn Images

Breaking news in the NBA dropped last night when it was announced the New York Knicks have acquired Karl-Anthony Towns from the Minnesota Timberwolves in a trade involving Julius Randle and Donte Divinzenco.

The Knicks are nearing a trade to send package around Julius Randle and Donte DiVincenzo to Minnesota for Karl-Anthony Towns, sources tell me and @JonKrawczynski. https://t.co/X74Nm280Og

— Shams Charania (@ShamsCharania) September 28, 2024

With the NBA season just a few weeks away, let's take a look at how the blockbuster trade has affected the Knicks' odds of winning the NBA Championship this season.

Knicks NBA Championship Odds

Odds below are via FanDuel Sportsbook

• Knicks' Odds Before Trade: +900
• Knicks' Odds After Trade: +750

The Knicks' odds have improved from +900 to +750 since the trade. If you translate those odds to implied probability, their chances to win the NBA Finals have improved from 10% to 11.76%, an increase of 1.76%.

Only the Boston Celtics (+320) and Oklahoma City Thunder (+700) have better odds than the Knicks to win it all this season. The Philadelphia 76ers (+1000) and Minnesota Timberwolves (+1000) round out the top five on the last list of odds.

The Knicks will open the season in Boston on Oct. 22, taking on the defending champion Celtics. The Knicks are set as 4.5-point underdogs.

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Odds refresh periodically and are subject to change.

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