Quick Market Reaction to Irving-Thomas Trade

Quick Market Reaction to Irving-Thomas Trade

About an hour ago, the Celtics and Cavaliers agreed to terms on a trade that will send Kyrie Irving to Boston. In exchange, the Celts will be parting ways with PG Isaiah Thomas, SF Jae Crowder, and C Ante Zizc, along with next year’s first round pick from Brooklyn.

With Kyrie being the biggest name in the trade, the Celtics’ futures were more greatly impacted than those of the Cavs. BetOnline was quick to reopen those futures for both teams, and here’s a look at the changes.

Boston CelticsPre-Trade
(BetOnline)
Post-Trade
(BetOnline)
Win NBA Championship+1000+600
Win Eastern Conference+250+175
Cleveland CavaliersPre-Trade
(BetOnline)
Post-Trade
(BetOnline)
Win NBA Championship+475+500
Win Eastern Conference-155-140

At +600, the Celtics now have the third best odds to win the NBA title, behind Golden State (-185) and Cleveland (+500), and their implied probability has improved from 9.09% to 14.29%. The next highest odds belong to the Rockets at +1000.

The C’s have also closed the gap in the East, going from +250 to +175 to win the conference (7.79% increase in implied probability).

As for Cleveland, well, they’ve still got this player named LeBron James who’s played in seven straight NBA Finals. Their title and conference chances didn’t diminish much, seeing less than 2% changes in implied probability for each outcome.

What do you think? Did oddsmakers overreact? Did they not react enough? Feel free to leave your thoughts and predictions in the comment section.

Danny Donahue

If John Mellencamp ever wins an Oscar, I am gonna be a very rich dude. @dannyjdonahue on Twitter

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