Data courtesy ESPN.com.
Ratings include all games through 15 June 2004. 1271 game results were used.
Weight of tied games = 0
| Rk | Team | Div. | Z-Rating | BSWP | Record | Pct | Ratio | SOS | Rk | ||||
| 1 | Minnesota Timberwolves | MW | 271.07 | .7213 | 68-32 | .680 | 2.125 | 127.56 | 2 | ||||
| 2 | San Antonio Spurs | MW | 266.44 | .7179 | 63-29 | .685 | 2.172 | 122.65 | 4 | ||||
| 3 | Indiana Pacers | CN | 260.80 | .7137 | 71-27 | .724 | 2.630 | 99.176 | 16 | ||||
| 4 | Los Angeles Lakers | PF | 259.93 | .7131 | 69-35 | .663 | 1.971 | 131.85 | 1 | ||||
| 5 | Sacramento Kings | PF | 242.53 | .6991 | 62-32 | .660 | 1.938 | 125.17 | 3 | ||||
| 6 | Detroit Pistons | CN | 217.63 | .6767 | 70-35 | .667 | 2.000 | 108.82 | 13 | ||||
| 7 | Dallas Mavericks | MW | 184.14 | .6407 | 53-34 | .609 | 1.559 | 118.13 | 5 | ||||
| 8 | Memphis Grizzlies | MW | 162.62 | .6130 | 50-36 | .581 | 1.389 | 117.08 | 6 | ||||
| 9 | New Jersey Nets | AT | 136.93 | .5737 | 54-39 | .581 | 1.385 | 98.895 | 17 | ||||
| 10 | Houston Rockets | MW | 131.24 | .5638 | 46-41 | .529 | 1.122 | 116.97 | 7 | ||||
| 11 | Denver Nuggets | MW | 119.43 | .5418 | 44-43 | .506 | 1.023 | 116.72 | 8 | ||||
| 12 | Utah Jazz | MW | 116.61 | .5362 | 42-40 | .512 | 1.050 | 111.06 | 9 | ||||
| 13 | Portland Trailblazers | PF | 110.84 | .5243 | 41-41 | .500 | 1.000 | 110.84 | 10 | ||||
| 14 | Miami Heat | AT | 98.276 | .4959 | 48-47 | .505 | 1.021 | 96.228 | 18 | ||||
| 15 | Golden State Warriors | PF | 90.418 | .4762 | 37-45 | .451 | 0.822 | 109.97 | 11 | ||||
| 16 | Seattle Supersonics | PF | 90.418 | .4762 | 37-45 | .451 | 0.822 | 109.97 | 12 | ||||
| 17 | Milwaukee Bucks | CN | 88.689 | .4717 | 42-45 | .483 | 0.933 | 95.024 | 19 | ||||
| 18 | New Orleans Hornets | CN | 88.638 | .4716 | 44-45 | .494 | 0.978 | 90.652 | 22 | ||||
| 19 | New York Knicks | AT | 76.464 | .4370 | 39-47 | .453 | 0.830 | 92.149 | 21 | ||||
| 20 | Boston Celtics | AT | 67.165 | .4070 | 36-50 | .419 | 0.720 | 93.284 | 20 | ||||
| 21 | Cleveland Cavaliers | CN | 66.948 | .4062 | 35-47 | .427 | 0.745 | 89.901 | 24 | ||||
| 22 | Toronto Raptors | CN | 60.551 | .3834 | 33-49 | .402 | 0.673 | 89.909 | 23 | ||||
| 23 | Philadelphia 76ers | AT | 60.320 | .3826 | 33-49 | .402 | 0.673 | 89.566 | 25 | ||||
| 24 | Phoenix Suns | PF | 59.343 | .3789 | 29-53 | .354 | 0.547 | 108.45 | 14 | ||||
| 25 | Los Angeles Clippers | PF | 56.159 | .3666 | 28-54 | .341 | 0.519 | 108.31 | 15 | ||||
| 26 | Atlanta Hawks | CN | 45.956 | .3232 | 28-54 | .341 | 0.519 | 88.630 | 26 | ||||
| 27 | Washington Wizards | AT | 37.741 | .2829 | 25-57 | .305 | 0.439 | 86.051 | 29 | ||||
| 28 | Chicago Bulls | CN | 34.099 | .2633 | 23-59 | .280 | 0.390 | 87.472 | 28 | ||||
| 29 | Orlando Magic | AT | 30.404 | .2419 | 21-61 | .256 | 0.344 | 88.316 | 27 |
| Division | BSWP | Tms | Top Team | |
| 1 | Midwest (MW) | .6518 | 7 | Minnesota Timberwolves (1) |
| 2 | Pacific (PF) | .5244 | 7 | Los Angeles Lakers (4) |
| 3 | Central (CN) | .4516 | 8 | Indiana Pacers (3) |
| 4 | Atlantic (AT) | .3765 | 7 | New Jersey Nets (9) |