Looking at it now the colours are way off, but here's the idea anyway:
Something the roundel logos let you do is gather in quote a bit of elements. We have the Tower and Saddledome represented; a varsity feel which is a nod to our heavy involvement with NCAA players (along with just looking cool); and what better way to harken in a new age than by having Sean Frikken' Monahan as a part of your logo?