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Just to confirm it's no hoax, MLSE filed for the trademark four days ago. And, yes, Drake was involved in the redesign.

There's no word on the color scheme, though the scant imagery seems to suggest black will be much more emphasized, with purple perhaps phased out altogether. That's a very good thing—few things scream "1990s" more than purple as a uniform color. (Or, say, the name "Raptors.")