Ratings for the second semester have been updated. They reflect the entire 2017-18 regular season. It has been a really interesting season, and congratulations to everybody!
I will emphasize that to get the most insight from the ratings, one should not dwell too much on the ordinal ranking of teams. Attention to the often minimal difference in team rating will often show that teams separated several ranks are in fact expected to be functionally at 50/50 odds in a head to head matchup. Sometimes these very small differences can be as much due to the randomness of their draws or differences in travel schedule as anything else.
For a sense of what the ratings number actually means:
Reminders about the ratings: