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Rank Team Adj. Win %
1 Denver .829
2 Boston .761
3 Dallas .735
4 Oklahoma City .697
5 Golden State .663
6 Sacramento .635
7 LA Clippers .621
8 New Orleans .591
9 LA Lakers .574
10 Milwaukee .572
11 Indiana .556
12 Philadelphia .534
13 Phoenix .533
14 New York .530
15 San Antonio .518
16 Chicago .504
17 Detroit .488
18 Atlanta .466
19 Orlando .456
20 Utah .434
21 Washington .416
22 Brooklyn .393
23 Charlotte .370
24 Cleveland .363
25 Miami .357
26 Minnesota .321
27 Portland .315
28 Toronto .279
29 Memphis .260
30 Houston .228

I’m using the Colley Matrix iteration process (https://www.colleyrankings.com/method.html)

To summarize, you take the win percentage of every team and correct it against the win percentage of their opponents. Then you have a new win percentage. And I repeat that process until the correction factor is below .001. Essentially this is what I would expect the win percentages to be if the teams played an average team every game.