NEW YORK -- New name. New borough. New arena. New logos, too.

The Brooklyn Nets unveiled their brand-new logos on Monday morning.

The Nets will have a black-and-white color scheme, which pays homage to the old New York subway signage system.

The Nets will have a pair of primary logos. The first features a shield and the name "NETS" accompanied by the letter "B" inside a basketball and "BROOKLYN" underneath. The second features the letter "B" inside a basketball encircled by "BROOKLYN NEW YORK."

"Hello, Brooklyn! I've been waiting a long time to say that," center Brook Lopez said at the team's formal logo unveiling at the Modell's Sporting Goods store across the street from the team's new home, the Barclays Center.

The Nets on Monday unveiled their new logos, which rapper and part-owner Jay-Z helped design. Courtesy of the Nets

The Nets will move into the $1 billion arena at the start of the 2012-13 season.

"We've been waiting a long time for this," CEO Brett Yormark said. "The Brooklyn Nets are finally part of the conversation."

Yormark said that the Nets' circular logo will be at center court at the Barclays Center. Yormark referred to the shield as "the shield of Brooklyn," and it will appear on the team's shorts.

Team part-owner Jay-Z played an instrumental role in the design of the logos.

"The Brooklyn Nets logos are another step we've made to usher the organization into a new era," Jay-Z said in a statement. "The boldness of the designs demonstrate the confidence we have in our new direction. Along with our move to Brooklyn and a state-of-the-art arena, the new colors and logos are examples of our commitment to update and refine all aspects of the team."

The hip-hop mogul and Russian billionaire Mikhail Prokhorov, the majority owner of the Nets, were not in attendance.

A spokeswoman for Prokhorov said he "loves" the new logos. According to the spokeswoman, the logos began being designed a year ago, and discussions were still taking place as of a few weeks ago.

Brooklyn has not had a major league sports franchise since the Dodgers left in 1957. Developer Bruce Ratner, who pushed for the move to Brooklyn beginning a decade ago, said the curse of former Dodgers owner Walter O'Malley, who moved the team to Los Angeles, is dead as of "[Monday]."

The Nets will unveil their new uniforms sometime in the fall. They are the only team in the league to have a black-and-white color scheme.