Last season, Bright Shadow had a star studded squad (3 players over 100+K and a lot of guard depth). When he got that 100+K post last season, he was definitely going to win it all).
When one team promotes to Naismith, another team demotes to league 2. This year, it's Calgary Spitfires. Personally, at this current moment, I think he's the frontrunner to win it all. In terms of salary, he doesn't have anyone over 75k, but he has 10 guys that are between 25-75k. That kind of depth is insane...Also, to field such a team and its salary, there might be staff and/or scouting cuts, plus a very minimal amount of income per week...
Hakeem and Harlem are probably the next two teams that have the next best chances of promoting. They relatively have the same core so they should be just as strong.
On a side note, can I just mention this. The new promotion/demotion system happened last season and I just noticed the team that had the best league 2 record in Canada just promoted, despite losing in the 1st round last season.