- Preseason over/under: 21.5 wins
- Eventual record: 41-31 (19.5 games over)
The 2020-21 Knicks had the bar set relatively low after the franchise missed the playoffs for seven consecutive seasons. New York had also spectacularly failed with its plan to land a superstar free agent in the 2019 offseason, leaving it with a mishmash of supporting players and rookies.
However, the Knicks' hiring of Tom Thibodeau in 2020 as their new head coach proved to be immediately fruitful. Thibodeau drastically improved the team's defense, bringing it up from 23rd to third in defensive rating. He also unlocked Julius Randle's isolation scoring, which allowed the power forward to become the focal point of the team's offense.
The Knicks lost in the first round of the playoffs, but the franchise was reinvigorated by its first playoff berth in eight years. Thibodeau won the 2020-21 NBA Coach of the Year Award, and Randle was named to the All-NBA Second Team and won the league's Most Improved Player Award, earning a maximum contract extension from New York.