Check out this awesome retro Bullets Wes Unseld jersey. At least Leonsis is considering changing the Wizards' colors back to red, white and blue, fitting for a team in Washington.

New Washington Wizards owner Ted Leonsis said Thursday he will not change the name of the Wizards, but said a change in colors back to the traditional red, white, and blue is likely at some point. Leonsis also asked the fans to welcome back former all-star guard Gilbert Arenas.

Leonsis formally took over ownership of the Wizards Wednesday. Recent speculation has centered on whether the Wizards will change their team colors and even their name after the upcoming season, with many fans clamoring to a return to the Bullets, the team’s name from 1963 to 1997.

Interest in the Wizards is high again after they won the rights to the number one pick in the NBA Draft Lottery last month. What was the good luck charm? Irene Pollin wore her late husband Abe’s 1978 Washington Bullets NBA championship ring.

At a press conference Thursday, Leonsis put an end to the rumors of a name change: “There will be no name change, and even if we wanted to change the name, you couldn’t do that for years. It’s not a secret that I am partial to red. And we’re the nation’s capital. And that won’t come overnight, either. But I remember coming to Bullets games when I was a kid and a student at Georgetown: I thought those colors looked handsome. I think we all saw the change in the Capitals’ uniform, and how that was galvanizing, and I think at some point it’s not a secret that we would want to change and go back to more traditional colors.

See the rest of my article at here, including why if the Wizards do change their name in a year or two, they could become the Washington Monuments.