Here's how I see it, separated by tiers:
1. Magic
I actually don't agree with a lot of the coaching decisions the Magic announced and thought there were more negatives than positives from their presser, but I think their talent/depth sorts itself out and rights the ship.
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2. Sonics
As many have pointed out, I just don't like the point guard for this team. If the Sonics could've had a PG even as good as a Ty Lawson type I think they'd probably be my favorite team. Unforutnately Duhon doesn't cut it, and what could've been a great team is left at pretty good.
3. Boxers
I just don't have faith in Andrew Bynum staying healthy, and he's too important to this team for me to rank any higher. If this was 2k and you could turn injuries to 'off' I think they're batting it out with Orlando for division supremacy. Also I have some concerns with Manu, he came back strong last season, but really semed to hit a wall late.
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4. Heat
From an entertainment standpoint, I absolutely love the Heat. I think Odom would be a heckuva player aside Nash in the fun n' gun, and I think Nash also gets every ounce of talent out of Moon and Lou Williams (as Leandro Barbosa). Unfortunately, the lack of post defense will be their demise
5. Hawks
I liked a lot of the Hawks selections (Brand, Varejao), but at the end of the day I think they're hurt by having too many similarly skilled players.