The closely bunched probabilities among the Oklahoma City Thunder, San Antonio Spurs, Toronto Raptors, and several other clubs reflect broad parity in early projections for the 2026 NBA Cup. Multiple teams enter the in-season tournament with strong young cores, favorable depth charts, and limited injury concerns that support realistic advancement paths through group play and knockout rounds. Roster continuity, recent regular-season momentum, and schedule positioning contribute to the competitive balance, while historical underdog runs in prior NBA Cup editions underscore the potential for mid-tier squads to exceed baseline expectations in a short-format event. Trader consensus prices these factors without establishing a dominant favorite.