Took this photo for you just now, while eating my breakfast...(it is 11:00am in Australia) Apart from the Rocket with teeth & pinstripe design...it was a cool logo. Yes I use this as a pyjama top.
Best to keep these things simple. Think in terms of not only design, but production as well. This logo will need to be screenprinted, embroidered, woven etc. It's tough. I think the current Houston Rockets logo is nice, but coming up with an idea for a new one is tricky. The elements aren't easy to work with.