In fact, it looks to be a very simplified version of their current logo. It’s not overly complicated as the font and the simple basketball gives a lot of homage to their New Jersey days but gives itself a new identity in itself.
I am not sure if this logo is just a black and white version of it or if it’s the actual logo’s new colors. If it’s just black and white, then that’s a huge deviation from the red, white and blue the team has embraced as their team colors for many years.
In my opinion, I think this logo is nice. Obviously it isn’t flashy but maybe that’s what the era of basketball logos are going now. It’s a change and maybe something that I’ll eventually get used to once I see it in action.