NBA Trade Deadline 2012: Updated Postseason Odds Following Chaotic Deadline

Now that the NBA trade deadline has passed for the 2012 NBA season, it is time to assess which teams have better odds to make the playoffs and which ones simply got worse.

The San Antonio Spurs, Golden State Warriors and the Los Angeles Lakers all made deals trying to get better for the late-season run into the playoffs.

Here are updated postseason odds for each and every team in the NBA.

Charlotte Bobcats

Postseason Odds: 1 million to 1

It's not happening this season or probably for multiple seasons to come. This team is clearing cap space and getting high draft picks for a slow rebuilding process.

New Orleans Hornets

Postseason Odds: 100 to 1

This team is nowhere near as inept as the Bobcats, but they do have a lot to do in order to get better. At least they have some decent players and will have a good draft pick.

Washington Wizards

Postseason Odds: 100 to 1

This team has some talent, but they have no idea how to utilize it. The deadline deal to bring Nene was nice, but it won't help this team a whole lot in the win department.

Toronto Raptors

Postseason Odds: 100 to 1

Toronto is another team that is rebuilding, as is evidenced by their trade of veteran guard Leandro Barbosa to Indiana. They have some decent players so they have a shot at being good again in a few years.

Sacramento Kings

Postseason Odds: 95 to 1

The Kings have quite a bit of young talent, but are also pretty boneheaded too. This team could have made a run if their heads were in the right places.

Detroit Pistons

Postseason Odds: 80 to 1

There isn't much to be happy about in the Motor City. Greg Monroe looks like he could become a pretty good center, and Brandon Knight has shown promise. It's time for this team to really commit to a rebuilding project.

New Jersey Nets

Postseason Odds: 60 to 1

The addition of Gerald Wallace will help this team somewhat get back into this season's playoff race, but they are still a big long shot to get there. They are only 4.5 games out, but Wallace won't make up that much difference.

Golden State Warriors

Postseason Odds: 40 to 1

The Warriors' trade for Andrew Bogut makes them better immediately up front, but their acquisition of Richard Jefferson isn't anything to be impressed with. This team needs to play better quickly because their playoff window is closing fast.

Portland Trail Blazers

Postseason Odds: 30 to 1

Despite the recent firing of head coach Nate McMillan and the trades shipping out Gerald Wallace and Marcus Camby, the Trail Blazers still have a decent shot at the postseason. They are only 2.5 games out, but the odds are still against them.

Utah Jazz

Postseason Odds: 20 to 1

No one talks much about the Utah Jazz, and the reason is probably because they are so mediocre. Luckily for them, so is nearly everyone else in the Western Conference.

Cleveland Cavaliers

Postseason Odds: 20 to 1

The loss of Ramon Sessions hurts them for this season, but it is clear that this team isn't ready for big time contention yet and is still rebuilding. However, it is very impressive that they could make a playoff appearance, especially after how bad they were last season.

Phoenix Suns

Postseason Odds: 10 to 1

As long as the Suns are still led by Steve Nash, they'll always have a solid chance to contend for a playoff spot. No player in the league is a bigger difference maker on his team.

Minnesota Timberwolves

Postseason Odds: 10 to 1

The loss of Ricky Rubio really hurts this Minnesota team, who was unable help themselves before the trade deadline. Kevin Love's team may still be a year away from the playoffs.

New York Knicks

Postseason Odds: 7 to 1

The Knicks are on the outside looking in as far as the playoffs go right now. Whether or not they push their way in depends on how much they buy into interim coach Mike Woodson's defensive brand of basketball.

Milwaukee Bucks

Postseason Odds: 7 to 1

Milwaukee has taken a somewhat calculated risk by pairing Monta Ellis with Brandon Jennings in the backcourt. If it pays off, they could rise as high as the five or six seed. If it doesn't, look out below.

Denver Nuggets

Postseason Odds: 5 to 1

Denver's trade for JaVale McGee probably doesn't make them any better or worse for this season. George Karl always makes the playoffs, so I'd bet on this team.

Houston Rockets

Postseason Odds: 5 to 1

Houston is one of the biggest wild cards in the NBA this season. You never know how they'll play from one game to the next. They could make the playoffs by a few games or miss it by quite a few, only time will tell.

Boston Celtics

(Odds will be expressed in percentages from here on out for clarity's sake.)

Postseason Odds: 50 percent

This is where we make the jump to the real contenders. Boston is old, but they are the same team that has been to two finals in the last four seasons. If they get hot, look out.

Atlanta Hawks

Postseason Odds: 60 percent

The Hawks are a team that went move-less through the trading deadline, but that is probably a good thing. They are a good team that could beat one of the teams ahead of them if given the opportunity.

Dallas Mavericks

Postseason Odds: 65 percent

Dallas has struggled this season, but they are a team I just can't see not making the playoffs. Where there's a Dirk there's a way.

Indiana Pacers

Postseason Odds: 70 percent

The Pacers addressed a need by adding Leandro Barbosa. If he fills that role well, look out. This team could be on the rise.

Los Angeles Clippers

Postseason Odds: 75 percent

The Clippers did themselves a solid by adding the young and talented Nick Young. They've been sliding recently but are too talented to fall very far in the seeding.

Memphis Grizzlies

Postseason Odds: 80 percent

The Grizzlies set the playoffs on fire last year as the No. 8 seed and are sitting at fourth in the West right now. After they get Zach Randolph back from injury, this team could climb all the way up to challenge for one of the top two spots.

Philadelphia 76ers

Postseason Odds: 80 percent

The 76ers got help on the wing by trading for Sam Young from the Grizzlies. This team defends, passes and rebounds well, which is a good playoff formula.

Orlando Magic

Postseason Odds: 85 percent

Dwight Howard is staying in Orlando for at least one more year, which gives the Magic a chance to contend again this season. It won't be easy, but if they play well they have an outside shot at getting to the finals.

Los Angeles Lakers

Postseason Odds: 90 percent

Ramon Sessions is a major upgrade at the point. Don't believe anything otherwise. Jordan Hill is also a good addition as a backup for Andrew Bynum. This Lakers squad is a contender out West.

San Antonio Spurs

Postseason Odds: 93 percent

Tony Parker is playing the best ball of his career, and the addition of Stephen Jackson provides insurance in the case of another Manu Ginobili injury. The Spurs will continue to win just how they like to: under the radar for the rest of the season and into the playoffs.

Miami Heat

Postseason Odds: 98 percent

Recent losses to Chicago and Orlando may have put doubt into the minds of some, but the Heat are still the most talented team in the league when they play their hardest. If they do that, they'll be hoisting a trophy in June.

Oklahoma City Thunder

Postseason Odds: 100 percent

The Thunder made no moves this season before the deadline, which was probably the best thing they could have done. It might have been smart to get another backup at the point, but it probably would have cost too much.

Chicago Bulls

Postseason Odds: 100 percent

The Bulls decided against acquiring Pau Gasol, which is probably a smart move considering it would have probably cost too much. They also proved they could beat the Miami Heat, even without Derrick Rose. That's important for the team's psyche moving forward.