"The logo, which depicts a claw mark across a basketball, has been in place for the past “four or five months” according to a Maple Leaf Sports and Entertainment spokesman. The new uniforms and colour scheme will be unveiled sometime in the new year. Expect black, silver, white and red to all be involved."
http://news.nationalpost.com/2014/12/19/toronto-raptors-introduce-new-logo-as-part-of-we-the-north-campaign-and-yes-drake-was-involved/
Ok, I'll hold my judgment until I see the final product. At least there is still some red in there.