Atlanta Thrashers by Adidas

[DTConcepts]

Here's what I think the Thrashers would look like if Adidas redid them.

 

Lot of differences, not necessarily bad or good. A refined and simplified color scheme, focusing on a softer, more ice-like tone. Some elements of the previous identity remain, like the arrow striping pattern, but are relegated to a lot smaller, isolated area on the shoulders.

 

Tl;dr version: It's just really, really, really simplistic/modernized.

[BigRed618]

This would suit them well. They were leaning toward the light blue in their later years, and I could see them simplifying their logo like the Predators did.

[C-Squared]

After careful examination, there is in fact a jersey beneath those watermarks... great update, very clean