We have reached the NBA Cup quarterfinals, the eight-team knockout round — now things get serious. Especially for the players on those teams, because the money is now very real.
“I think half a million dollars is still a good amount of money to be able to motivate you to want to win games,” the Lakers’ Jake LaRavia told NBC Sports recently.
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Here is everything you need to know about the NBA Cup quarterfinals matchups on Tuesday and Wednesday, and what happens from there.
What’s the NBA Cup 2025 format?
This is the one thing that has remained largely the same through the three years of the NBA Cup. First, all 30 teams were drawn into one of the six five-team groups (three East groups and three West groups). Each team plays the other teams in its group once — four games total — and those games count double as both regular-season and NBA Cup games.
The six group winners plus a wild card from each conference advance to the quarterfinals, where we are now. Those teams are placed in an eight-team knockout bracket (East vs. East, West vs. West, until the Finals). Starting with Tuesday’s games, they are single-elimination.
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What are the quarterfinals matchups?
Eastern Conference
Dec. 9 (on Amazon Prime)
Miami Heat at Orlando Magic
Game Analysis: After a slow start to their season, Orlando found its footing just as the NBA Cup got rolling. Not only did the Magic sweep into the quarterfinals, but it also comes in hot, having gone 7-3 in their last 10 with a top-10 offense and defense over that stretch. However, the Magic will enter the game without their best player this season, Franz Wagner, who suffered a high ankle sprain on Sunday.
Miami has been one of the great surprises of the season, with Erik Spoelstra flipping the Heat offense on its head, putting in an up-tempo, fast-decision offense that shuns picks in favor of isolation attacks. The good news is that the Heat are basically healthy for this game, with Norman Powell and Tyler Herro ready to go. The bad news is they come in cold having dropped three in a row, and in the past couple of weeks their defense and offense have fallen off.
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New York Knicks at Toronto Raptors
Game Analysis: Watch the tempo of this game to get a clue how it is going. Toronto wants to run — it starts more of its possessions in transition than any team in the league, and it’s got the athletes who can finish in space with Scottie Barnes and Immanuel Quickley. Toronto relies on a pressure defense to fuel its transition offense, but when forced into the half-court, it banks on Brandon Ingram and his midrange game to power things (Toronto as a team loves the midrange).
The Knicks will run when they get the chance, but this is the team with the league’s sixth-best first-shot half-court offense behind Jalen Brunson and Karl-Anthony Towns. New York comes in red hot, having won 7-of-8.
Western Conference
Dec. 10 (on Amazon Prime)
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Phoenix Suns at Oklahoma City Thunder
Game Analysis: Oklahoma City has been a juggernaut so far this season — 23-1 with a 15.9 net rating that is on pace to set an NBA record. Shai Gilgeous-Alexander gets the headlines — he appears the early frontrunner to repeat as MVP — and they have Jalen Williams and Chet Holmgren, but what really drives the Thunder is their league-best defense. OKC’s 104.1 defensive rating is 6.5 points per 100 possessions better than any team in the league.
That said, just more than a week ago the Suns gave the Thunder all they could handle in a 123-119 loss. Phoenix has been one of the great stories of the young season and three people deserve a lot of credit for that. One is coach Jordan Ott, who, in his first season, has given this team an identity — which starts with an aggressive, pressing defense — and has them playing hard every night (something the Suns didn’t do consistently over the past couple of years). The second is Dillon Brooks, who came to Phoenix this summer in the Kevin Durant trade as a defensive stopper and an energy and intensity guy, but is breaking out on offense averaging 22.3 points per game. The other is Devin Booker, who remains one of the best two guards in the game, but his status for this game is questionable.
San Antonio at Los Angeles Lakers
Game Analysis: The big question heading into this one is whether Victor Wembanyama returns to play for the Spurs. He has been practicing with the team, but there is no word from the team (as of this writing), and the reports out of San Antonio make it sound like Wemby may sit this one out, too (Stephon Castle did return Monday night). San Antonio has gone 8-3 with Wembanyama out (calf strain), and in that time, the Spurs have gotten All-Star-level scoring and leadership from De’Aaron Fox, and keep an eye on rookie Dylan Harper, who has been brilliant.
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The Lakers have been one of the best teams in the West, led by Luka Doncic playing at an MVP level, Austin Reaves proving he is ready to be a second scoring option, and LeBron James returning and fitting in, doing whatever the team needs to win on a given night. One thing to watch: the Lakers are 8-0 in clutch games this season (within five points in the final five minutes).
When are the NBA Cup quarterfinals, Finals?
Here is the schedule for the quarterfinals and beyond:
Quarterfinals: Dec. 9 and 10
Semifinals: Dec. 13 (Las Vegas)
Championship: Dec. 16 (Las Vegas)
NBA Cup 2025 odds
Here are the odds for the eight teams remaining to win the NBA Cup, via our partners at DraftKings:
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Oklahoma City (-120)
New York (+475)
Los Angeles Lakers (+500)
Orlando (+1200)
Miami (+1200)
Toronto (+1400)
San Antonio (+1800)
Phoenix (+9000)
How much money does the champion get?
As the Lakers’ LaRavia said above, the prize money motivates the players — and every roster player in the quarterfinals will get a bonus check out of this. However, they all have their eyes on the big prize.
How big? This is how the payouts break down:
• Each player on the team that wins the championship: $530,933
• Each player on the team that loses in the championship: $212,373
• Each player on a team that loses in the semifinals: $106,187
• Each player on a team that loses in the quarterfinals: $53,093
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Who won the 2024 NBA Cup?
Milwaukee bounced back from an ugly 2-8 start to the season to find its footing in NBA Cup games and went on a run behind Giannis Antetokounmpo. He lifted them to the Cup Finals against Oklahoma City, where Antetokounmpo had a 26-point triple-double, completely controlling the game on both ends of the court.
How to Watch the NBA on NBC and Peacock
Peacock NBA Monday will stream up to three Monday night games each week throughout the regular season. Coast 2 Coast Tuesday presents doubleheaders on Tuesday nights throughout the regular season on NBC and Peacock. On most Tuesdays, an 8 p.m. ET game will be on NBC stations in the Eastern and Central time zones, and an 8 p.m. PT game on NBC stations in the Pacific and often Mountain time zones. Check local listings each week. Both games will stream live nationwide on Peacock. NBC Sports will launch Sunday Night Basketball across NBC and Peacock on Feb. 1, 2026. For a full schedule of the NBA on NBC and Peacock, click here.