I thought it at the time, and still think it, I-State is best of those 3 options by far. And I think it was presented so most people would choose it, as it if was determined already.
The ISU and script Cyclones could be OK, but certainly not with the dreadful typefacing as presented. I'm not sure there's a script you could do with any nickname/school name that's more than four or five letters. Pitt and UCLA work because they don't have to be tiny.
Over time, it became apparent beveling has problematic elements for mix-and-match and helmet combos, which makes a flat version better. If it had gone strictly on a white helmet at the outset, as the sample was presented, that would've solve some of that.