I think Minny is a playoff team next year. They'll be fighting it out with the likes of Utah for that last spot.
Here are the Vegas Odds for winning the NBA championship and the two conferences as of 7/17. It will be interesting to see when they update it what the odds will be for teams like Minnesota and the Knicks.
http://www.vegasinsider.com/nba/odds/futures/
Future Odds
NFL · NBA
· MLB · NHL · NCAAFB · NCAABK · GOLF · AUTO · BOX/MMA
Odds to win the 2012-13 NBA Championship
Team Odds
Miami Heat 2/1
Oklahoma City Thunder 3/1
Los Angeles Lakers 8/1
San Antonio Spurs 8/1
Chicago Bulls 8/1
Boston Celtics 20/1
Brooklyn Nets 25/1
Los Angeles Clippers 25/1
Indiana Pacers 25/1
Dallas Mavericks 30/1
Memphis Grizzlies 30/1
Houston Rockets 30/1
New York Knicks 40/1
Denver Nuggets 40/1
Atlanta Hawks 60/1
Philadelphia 76ers 60/1
Orlando Magic 60/1
Minnesota Timberwolves 75/1
Portland Trail Blazers 75/1
Utah Jazz 75/1
Cleveland Cavaliers 100/1
Phoenix Suns 100/1
Sacramento Kings 100/1
New Orleans Hornets 100/1
Golden State Warriors 100/1
Milwaukee Bucks 100/1
Toronto Raptors 100/1
Charlotte Bobcats 100/1
Detroit Pistons 100/1
Washington Wizards 100/1
Odds to win the 2012-13 NBA Eastern Conference
Team Odds
Miami Heat 5/8
Chicago Bulls 4/1
Indiana Pacers 8/1
Boston Celtics 8/1
Brooklyn Nets 10/1
New York Knicks 15/1
Orlando Magic 25/1
Atlanta Hawks 25/1
Philadelphia 76ers 25/1
Milwaukee Bucks 40/1
Cleveland Cavaliers 40/1
Washington Wizards 50/1
Detroit Pistons 50/1
Toronto Raptors 50/1
Charlotte Bobcats 50/1
Odds to win the 2012-13 NBA Western Conference
Team Odds
Oklahoma City Thunder 7/5
Los Angeles Lakers 7/2
San Antonio Spurs 7/1
Los Angeles Clippers 11/1
Dallas Mavericks 13/1
Memphis Grizzlies 13/1
Houston Rockets 13/1
Denver Nuggets 18/1
Utah Jazz 30/1
Portland Trail Blazers 30/1
Minnesota Timberwolves 30/1
New Orleans Hornets 40/1
Golden State Warriors 40/1
Sacramento Kings 50/1
Phoenix Suns 50/1
Odds provided by .ag
Updated Tue, July 17, 11:00 AM ET