Tasmania's NBL team will be known as the Jack Jumpers, after a species of venomous ant predominantly found on the island state.
The moniker, chosen ahead of Tridents after a shortlist of five was cut to two, was officially confirmed on Thursday.
"The Jack Jumpers logo covers all corners of the state and embodies Tasmania's challenger spirit and passion," CEO Simon Brookhouse said.
"Our green and gold colours pay homage to Tasmania's rich history and landscape."
Tasmania will enter the league as the 10th team for the 2021-22 season and play largely out of Hobart's Derwent Entertainment Centre.
The state has not had a team in the National Basketball League since the Hobart Devils folded after the 1996 competition.
Social media reaction to the nickname choice was mixed, with Australia great Chris Anstey among those not on board.
"The @NBL takes a great step back into Tasmania, then calls them the Jack Jumpers? My goodness," he wrote on Twitter.
Andrew Bogut replied: "Joking yeah? Good one. Got me good."
Jack jumpers are known for their unique ability to jump and their bite has in rare instances proven fatal.
"Like Tasmania itself, the Jack Jumpers will be unforgettable and a team all Tasmanians can embrace," Brookhouse said.
Other names in the running were the Timbers, Mountaineers and Pride.
The Tigers and Devils weren't considered given their association with the state's cricket team and AFL sides.