I like #2. I have been wanting the AD to incorporate the state outline to the basketball court for awhile now.
Observations: The new I-State logo doesn't have the word "state" touching each other anymore. This is the most up-to-date version of the I-State logo. (Love the I-State logo too. Very traditional and should be our main-mark forever.)
Also, the baselines need "Iowa State" on one side and "Cyclones" on the other. Then, it would be the best one.