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The 26-year-old reserve currently heads a pack of nine betting candidates for the prodigious award, though his lead his far from safe. Will he clinch it during the NBA's restart, or get passed up?
Let's take a closer look at the odds board and see where there's value.
Schroder's the odds-on favorite at -190. It's not much of a surprise, seeing as he's leading this group in points per game (19). Schroder also currently owns career highs in offensive rating (108), eFG% (.532), and offensive win shares (1.9).
Clippers big man Montrezl Harrell (+210) is Schroder's biggest threat. He's averaging 18.6 points, 7.1 rebounds, and 1.1 blocks per game while spearheading the league's highest-scoring bench. That stat line, coupled with him playing on a contender, could potentially give the 26-year-old a boost.
Williams has become synonymous with Sixth Man of the Year, winning the award three times over the last five years. However, he might not even be the best Clipper in the field.
While Williams has been marginally better in both rebounds and assists this season, his scoring is down from 20 points per game in 2018-19 to 18.7.
The veteran guard has contributed plenty this season, but he's missing the breakout element. There should also be a bit of voter fatigue here.
Considering Schroder and Harrell play two entirely different positions, it wouldn't be fair to evaluate them based on traditional stats. Schroder has an edge in categories like assists and steals, while Harrell is better in blocks and rebounds.
However, if we take a handful of advanced stats, Harrell doesn't look like the second-best player in the field.
It's obviously a small sample with hand-picked categories - plus, the voters have their own methods of choosing - but Harrell passes the test on paper.
He deserves a look at +210.
Alex Kolodziej is a betting writer for theScore. He's a graduate of Eastern Illinois who has been involved in the sports betting industry for 12 years. He can quote every line from "Rounders" and appreciates franchises that regularly wear alternate jerseys. Find him on Twitter @AJKolodziej.