Fred Hoiberg has some lofty expectations in his first year with the Bulls, at least according to one sports book.
Bovada released its 2016 NBA Championship odds on Wednesday, and the Bulls tout the fourth best overall odds at 10:1. Their odds are second in the Eastern Conference, unsurprisingly behind LeBron James' Cleveland Cavaliers.
James, who has been to five straight NBA Finals, and the Cavaliers have NBA-best 3:1 odds to win the title in 2016. They're followed by the reigning NBA champion Golden State Warriors (5:1) and an Oklahoma City Thunder team (7:1) that will get back Kevin Durant next season.
[BULLS: Jim Boylen named associate head coach]
The Bulls have considerably better odds than the Atlanta Hawks, the East's top seed in this year's playoffs. With DeMarre Carroll and Paul Millsap both potentially leaving via free agency, the Hawks' 25:1 odds are eighth best in the NBA.
These odds certainly will change following next week's NBA Draft and, more importantly, after free agency begins on July 1.
Here's a complete list of the odds.
NBA
| TEAM | ODDS |
| Cleveland Cavaliers | 3:1 |
| Golden State Warriors | 5:1 |
| Oklahoma City Thunder | 7:1 |
| Chicago Bulls | 10:1 |
| Los Angeles Clippers | 10:1 |
| San Antonio Spurs | 10:1 |
| Houston Rockets | 18:1 |
| Atlanta hawks | 25:1 |
| Memphis Grizzlies | 25:1 |
| Dallas Mavericks | 33:1 |
| Indiana Pacers | 33:1 |
| Miami Heat | 33:1 |
| New Orleans Pelicans | 33:1 |
| Portland Trailblazers | 40:1 |
| Toronto Raptors | 40:1 |
| Washington Wizards | 40:1 |
| Boston Celtics | 50:1 |
| Los Angeles Lakers | 66:1 |
| Denver Nuggets | 100:1 |
| Detroit Pistons | 100:1 |
| Milwaukee Bucks | 100:1 |
| Brooklyn Nets | 100:1 |
| New York Knicks | 100:1 |
| Phoenix Suns | 100:1 |
| Sacramento Kings | 100:1 |
| Utah Jazz | 100:1 |
| Minnesota Timberwolves | 150:1 |
| Charlotte Hornets | 250:1 |
| Orlando Magic | 250:1 |
| Philadelphia 76ers | 250:1 |