The Philadelphia 76ers were named the winner of the LeBron James sweepstakes when the 41-year-old officially announced he would be joining the team in a post to social media on Friday, July 24.James made it clear he had one goal in deciding to play for the 76ers after being courted by a plethora of teams including the Cleveland Cavaliers, Golden State Warriors, Miami Heat and Minnesota Timberwolves."I believe I can help make the Philadelphia 76ers a championship team and I am so excited to energize a new fan base and start this incredible journey one last time," James wrote in a post to X.James isn't alone in his belief about the 76ers being a championship-caliber squad. Oddsmakers believe the Philadelphia will be among the favorites to win the 2026-27 NBA title after inking the 22-time All-Star to a two-year, $8 million contract.Even so, the 76ers haven't riser to the top of the list yet, as two Western Conference squads are the co-favorites to win the 2027 NBA Finals.Here's a full look at how James signing with the 76ers has shaken up the NBA power structure.Ranking NBA teams by odds after LeBron signs with 76ersOdds via BetMGM as of Friday, July 24.T-1. Oklahoma City Thunder (+275)The Thunder have one of the NBA's deepest teams, led by perennial MVP candidate Shai Gligeous-Alexander and a quality collection of young talent headlined by Jalen Williams and Chet Holmgren. Sam Presti re-tooled Oklahoma City's roster during the offseason to avoid the dreaded second apron, but the squad still has the talent needed to be one of the NBA's top contenders.T-1. San Antonio Spurs (+275)The Spurs made a surprise run to the 2026 NBA Finals as Victor Wembanyama blossomed into one of the league's most impressive two-way talents. If Dylan Harper and Stephon Castle can continue their development alongside Wembanyama, San Antonio's young core could soon power it to an NBA title.3. New York Knicks (+800)The Knicks won their first NBA title since 1973, dispatching the Spurs in five games during the 2026 NBA Finals. Can New York do it again? The Knicks are returning most of that title-winning core, and the chemistry possessed by the Jalen Brunson-led starting five should make the team a tough out in the Eastern Conference.4. Philadelphia 76ers (+1000)No team has improved more during the 2026 NBA offseason than the 76ers. Not only did they ink LeBron on a two-year contract, they also traded Paul George and two first-round picks to add Jaylen Brown to their starting lineup. Adding those two talents to a strong core that already featured Tyrese Maxey, Joel Embiid and VJ Edgecombe could allow Philadelphia to emerge as the team to beat in the Eastern Conference.5. Boston Celtics (+1400)The Celtics made a head-scratching trade dealing Brown to the 76ers for George. Even so, Boston has been a perennial contender under Joe Mazzulla and shored up one of its biggest weaknesses by signing center Mitchell Robinson from the Knicks in free agency. That should allow the Celtics to remain competitive, though their over-reliance on the 3-point shot could again be their undoing.6. Denver Nuggets (+2200)T-7. Cleveland Cavaliers (+2500)T-7. Detroit Pistons (+2500)T-7. Minnesota Timberwolves (+2500)T-7. Toronto Raptors (+2500)11. Miami Heat (+3000)12. Los Angeles Lakers (+4000)13. Indiana Pacers (+5000)T-14. Golden State Warriors (+6000)T-14. Houston Rockets (+6000)T-16. Atlanta Hawks (+8000)T-16. Orlando Magic (+8000)T-16. Portland Trail Blazers (+8000)19. Phoenix Suns (+12500)T-20. Charlotte Hornets (+15000)T-20. Dallas Mavericks (+15000)T-20. Washington Wizards (+15000)23. Utah Jazz (+20000)T-24. Los Angeles Clippers (+50000)T-24. New Orleans Pelicans (+50000)T-26. Chicago Bulls (+75000)T-26. Memphis Grizzlies (+75000)T-26. Milwaukee Bucks (+75000)T-29. Brooklyn Nets (+100000)T-29. Sacramento Kings (+100000)This article originally appeared on USA TODAY: Power ranking all 30 NBA teams by championship odds following LeBron's decision