Even with the losses, Brooklyn's 27-12 record since January 1 is still the best record in the Eastern Conference in that span. However, with only 12 games left in the regular season, time is running out for the Nets to get optimal playoff seeding.
The Nets are now 2.5 games out of the fourth seed in the East, and they face a very real possibility that they will not secure home court advantage in the postseason.
The Nets have won 11 in a row at the friendly confines of the Barclays Center, but they're just 14-21 on the road. If they get matched up with the Bulls or Raptors in the first round, holding home court won't be enough on its own.
For as much flack as the Eastern Conference gets, Brooklyn's conference-best 27-12 run since January 1 hasn't been the only impressive run. Chicago has played .683 ball (28-13) over that span, second-best in the conference, while Toronto has played over .600 ball (.619, to be exact) themselves in that span, good for fifth-best.
The hole the Nets dug for themselves earlier in the season might come back to bite them if they end up as the fifth seed and have to go on the road. Then again, they had home court advantage in the first round last year, and we know how that worked out.