I don't think this will happen but say we have the forth best record behind LA, Denver, and Utah. We still cannot get home court advantage, am I correct.
Right. The division winners would all get top three seeds, dropping Utah to 4 and Portland to 5. Portland would then not have home court advantage in Round 1, since Utah had a better record. Of course, if Portland ended up facing the Southwest division champion in a later round, Portland would have home court due to superior record.
Wrong, If your the 5th seed and you get the SW division leader who has the 5th best record in the conference, you get homecourt. It happened in the Utah/HOU playoff series few years back.
Don't the division winners get the top three seeds? If so, that makes it impossible for the 5 seed to get the SW division winner in the first round. If the division winners no longer get the top three seeds, then yeah, I was mistaken.