Host: “Are you considering [going back to the Bullets], though?”
Leonsis: “Well, we have taken it under advisement. We’ve done a lot of research on that issue. You know, it’s a major re-design, and it honestly does take about two years if you were to change the name. And so what we elected to do in the short term was to change the look and the feel – which we did last season – of the uniforms and of our design, and go back to that red, white and blue. And I think for the time being, that’s all we’ll do. But yeah, I mean, I’m open to that. Many fans have suggested it. And I’ve just felt that it’s like a cheap thrill, to change the name back. You’ll get half of the people that would say, Yes! I’m so happy that you did that, but it would also activate another 50 percent of the fan base to say, How could you do that? Mr. Pollin and the family changed the name for all of the right reasons. And so with all that’s going on with the team, I thought it best just to kind of calm the waters and do nothing, and just focus on trying to rebuild the team and make the team a high-performing team.”
http://www.washingtonpost.com/blogs/dc- ... d-wizards/
It looks like there's going to be no name change for the immediate future.