Personally, I was partial to a bunch of the logos from 99 Designs' contest (99designs.com), especially the winner:
But this official one is really good nevertheless. Some of the ones that I liked from the contest wouldn't have worked in a pro sports context, and the only quibble I really have with the rebrand is that the colors aren't all that distinctive.
You wanted the best, you got... the Out of Context Quote of the Week.
"£8.70 for a measly 16 out of your average fag machine." (dMr)
What? Y! Sources: Memphis sends Rudy Gay to Toronto in three-team trade. yhoo.it/TcDmDh— Adrian Wojnarowski (@WojYahooNBA) January 30, 2013 ...and the story therelinked: This story will probably be updated on their site as it develops.