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The Bucks were the ninth overall seed in 2012, so it would seem as if they have a decent chance of making the playoffs next season. Let's take a look at the way the playoff race is looking next season at this point:
Out of the eight teams that made the playoffs last season, six of them are virtual locks to be back in it: Chicago, Miami, Indiana, Boston, New York and Philadelphia. The other two, Atlanta and Orlando, lost major players and will likely be two of the worst teams in the East. That leaves the door open for two more teams.
The first team that will assuredly be in is the newly created Brooklyn Nets. The Nets acquired Hawks' All-Star guard Joe Johnson, and some other key bench players, and perhaps a new starting power forward in Mirza Teletovic.
Milwaukee will undoubtedly be in the running for the second remaining playoff spot, however I think they will fall short to the Toronto Raptors. The Raptors have Lithuanian center Jonas Valenciunas coming over from Europe, and drafted swingman Terrence Ross to play next to DeMar DeRozan. That will be a very improved team.
Will Milwaukee be much improved? They'll be improved for sure. However I don't think they'll be improved enough to overtake the other two.