The 2025–26 NBA regular season enters its final stretch with the awards landscape taking shape across multiple categories, headlined by a three-way MVP battle that will define the season's narrative.
Shai Gilgeous-Alexander's bid for back-to-back MVP honors carries particular weight given Oklahoma City's trajectory. The Thunder have constructed a 64-win season—a mark that places them among the elite regular-season teams in modern NBA history. Gilgeous-Alexander's performance has been central to that success, and a repeat MVP would place him in rare company; only a select few players have won consecutive awards in the modern era.
Yet the Thunder star faces formidable opposition. Nikola Jokić remains a fixture in MVP conversations, his elite two-way impact and playmaking continuing to define Denver's ceiling. The Denver Nuggets' ability to remain competitive despite roster changes speaks to Jokić's sustained excellence.
Victor Wembanyama has emerged as a generational talent whose defensive prowess has made him a consensus candidate for Defensive Player of the Year. The San Antonio Spurs' young centerpiece has redefined rim protection and perimeter defense simultaneously, marking a rare combination of skills that has captivated the league.
Beyond the MVP race, the awards season reflects broader trends in the 2025–26 campaign. The Most Improved Player category has seen notable candidates emerge, with Jalen Johnson of the Atlanta Hawks and Jamal Murray of the Denver Nuggets among those tracking toward recognition. Johnson's ascent from relative obscurity to a top-10 player in certain metrics represents the kind of leap the award typically honors.
Dyson Daniels claimed the 2024–25 Most Improved Player award while with the Hawks, and the franchise's continued development of young talent underscores Atlanta's trajectory as a rising force in the Eastern Conference.
The 65-game eligibility threshold has become a point of discussion in this year's awards race, with some candidates navigating load management and injury considerations that affect their qualification status. This administrative detail carries real consequences for voting eligibility and has added complexity to the final weeks of the regular season.
With approximately one to two weeks remaining before the typical late-April cutoff for award eligibility, the regular season's conclusion will crystallize these races. Official finalists are expected to be announced by the NBA and Basketball Writers Association in the coming days, followed by voting deadlines and winner announcements before or during the playoffs.

Shai Gilgeous-Alexander (2) and Luguentz Dort (5) of the Thunder. Photo by Ariana Ruiz/ZUMA Press Wire/IMAGO
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