The NBA season is finally here, with the Golden State Warriors looking to defend their title after defeating the Boston Celtics in this year's NBA Finals.

Golden State will have plenty of serious opposition in their way if they are to go back-to-back, as some powerhouses – like the Los Angeles Clippers and the Milwaukee Bucks – return to full health.

The list of contenders this year may be as deep as it has ever been, with the Philadelphia 76ers, Denver Nuggets and Phoenix Suns all definitely believing they have what it takes, and young sides like the Memphis Grizzlies and the Minnesota Timberwolves going all-in with the cores they have assembled.

After one of the best rookie classes in recent memory last season, this year's draftees have plenty to live up to, so to preview the season, we will start at the top.

Who are the favourites?

Despite not making the NBA Finals this past season, any conversation about potential champions in 2022-23 begins with Giannis Antetokounmpo and the Bucks.

The Bucks took the Celtics to Game 7 in the Eastern Conference Finals, and that was while they were missing their second-best player as Khris Middleton was sidelined for the entire series after suffering a knee injury in the first round. 

There is a convincing case to be made that they would have gone back-to-back with a healthy Middleton, but instead, the Warriors were able to take care of business in the Finals and collect the fourth championship of the Stephen Curry, Klay Thompson and Draymond Green era.

Golden State return almost their full team, and with even marginal improvement from second-year lottery picks Moses Moody and Jonathan Kuminga, they will be one of the deepest rosters in the league, and will have the ammunition to put together one of the better trade packages if a disgruntled star appears around the deadline.

The Celtics will likely remain one of the best defensive units in the league, and will therefore always have a chance in the playoffs, and if the Warriors are not to come out of the Western Conference, the Nuggets or the Clippers are finally healthy and poised to make some noise.

Who are the dark horses?

Despite winning the title in 2019, the Toronto Raptors will come into this season extremely under the radar in what is now a loaded Eastern Conference.

One of the biggest and most athletic teams in the league, the thing working in the Raptors' favour may also be the point working against them – they brought back almost the exact same team.

Focal points Fred VanVleet and Pascal Siakam are still only 28 years old, while O.G. Anunoby profiles as a potentially elite wing at 25-years-old, and 21-year-old second-year point forward Scottie Barnes is the reigning Rookie of the Year.

They were the five seed last year despite all of their starters missing significant time, and with their championship experience and natural improvement, they will be in the mix by default.

Out West, it's hard to go past the New Orleans Pelicans, who will have one of the best starting fives in the NBA.

With C.J. McCollum, Brandon Ingram and surprise packet Herb Jones on the perimeter, along with Jonas Valanciunas and the returning Zion Williamson inside, that group will be a tough out if Williamson can remain healthy.

Who will win Rookie of the Year?

The clear favourite to take home the honour as the best first-year player is the Orlando Magic's Paolo Banchero, who was selected first overall in June's NBA Draft.

Banchero – who at six-foot-10 and 250lbs is the same size as prime DeMarcus Cousins despite playing on the perimeter – has essentially been tasked with being the saviour of the franchise, and will have significant playmaking and scoring responsibilities from day one.

He could realistically average somewhere in the range of 20 points, five rebounds and five assists per game if the franchise truly decides to put the ball in his hands and let him run the show, and he is the only player in the class that can be said about.

His biggest competition – literally – was the Oklahoma City Thunder seven-footer Chet Holmgren, who was taken second overall, but will miss the entire season after suffering a fracture in his foot in the preseason.

Third pick Jabari Smith Jr will likely be more of an off-ball player in year one, limiting his ability to rack up massive counting stats, and fifth pick Jaden Ivey will be sharing the floor with last year's top overall selection Cade Cunningham with the Detroit Pistons, where Cunningham is unquestionably the star.

Keegan Murray, the fourth overall pick by the Sacramento Kings, profiles as one of the better all-around scorers in the draft and will have the opportunity to make his mark, and Shaedon Sharpe showed some intriguing flashes in the preseason after not playing a single game of competitive basketball since graduating from high school, still earning the seventh overall pick by the Portland Trail Blazers.

Quick hitters:

– Pelicans wing Herb Jones was never going to receive the credit he deserved last year as a 23-year-old second-round draft pick, but the rookie was quietly one of the best defensive players in the league last season.

As a rookie, he was guarding the best opposing perimeter player every night for the Pelicans, suiting up for 78 of the 82 regular season games and finishing top-10 in the league in deflections per game (3.1).

He is one of the only wings in the NBA who is tasked with carrying his side defensively, and health permitting, he will be honoured on the NBA All-Defensive teams this season.

– For those who do not play fantasy basketball, it must be a shock to hear Indiana Pacers guard Tyrese Haliburton has emerged as a first-round pick, but the unbelievably efficient 22-year-old is in position to have an explosive breakout season.

After being traded to the Pacers last season, Haliburton averaged 17.5 points, 9.6 assists, 4.3 rebounds and 1.8 assists while shooting 50 per cent from the field, 41 per cent from three and 85 per cent from the free throw line, putting him in the top echelon of efficient guard scorers and playmakers.

With established veterans Buddy Hield and Myles Turner both reportedly on the trading block as the Pacers enter themselves into the Victor Wembanyama sweepstake, their departure would only amplify the massive season coming from the former Sacramento draft pick.

– The Cleveland Cavaliers will have their sights set on the playoffs this season after their aggressive trade for former Utah Jazz star Donovan Mitchell – but he may not even be the best guard on the Cavs roster.

Last season was a coming out party for point guard Darius Garland, who appears to be next up in the archetype of deep-shooting, slick-passing, small initiators. 

He shot a career-best 46 per cent from the field this past season while attempting a career-high 6.7 three-pointers per game, and he was also one of the best passers in the league, averaging 8.6 assists and forming spectacular chemistry with fellow All-Star and alley-oop partner Jarrett Allen.

Mitchell will bring a level of perimeter scoring and playoff pedigree to the Cavaliers that is desperately needed to lower the demands on Garland late in games, but it will be Garland running this team for the first 46 minutes.