On the first day of the WNBA’s free agency period, the Atlanta Dreammadea massive splash by acquiring two-time All-Star Angel Reese and a 2028 second-round pick swap from the Chicago Sky in exchange for first-round draft picks in 2027 and 2028.

The move instantly and dramatically changed Atlanta’s championship odds, shortening them from 18-1 to 10-1, and further to +900 shortly thereafter; the Dream were as long as 25-1 earlier in the offseason, according to ESPN Research.

The odds move represents a significant improvement for Atlanta, but it still leaves it outside the realm of the true contenders by the odds. The reigning champion Las Vegas Aces top the board at +340, with the Indiana Fever trailing closely behind at +380. The perennially contending Minnesota Lynx (+400) and New York Liberty (+475) come next, with last season’s runners-up, the Phoenix Mercury, ranking sixth at 13-1, having been leapfrogged by the Dream.

The expansion Toronto Tempo (250-1) and Portland Fire (300-1) are long shots but not the longest on the board, perhaps alluding to a lesson taught by the overachieving Golden State Valkyries (40-1) in their inaugural 2025 season. Instead, the longest odds belong to the rebuilding Sky (400-1) and theConnecticut Sun (500-1), who will be relocating to Houston following this season.

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