I'll go out on a limb here...
I think we are clearly better than:
Clippers, Nuggets*, T'Wolves, Pistons, Raptors, Cavaliers, Pacers, 76ers (8 teams)
I think we are liable to be competitive with:
Suns, Rockets, Bucks, Nets*, Wizards, Bobcats, Grizzlies, Warriors, Hornets, Knicks (10 teams)
I think we are clearly worse than:
Lakers, Blazers, Jazz, Thunder, Mavericks, Spurs, Bulls, Celtics, Heat, Hawks, Magic (11 teams)
(I am assuming that Carmelo gets traded to the Nets. If not, the Nuggets are better than we are, and the Nets are worse. Western Conference teams in bold. Order is sort of randomly geographic, I wasn't ordering teams within each list.)