Tasmania's new NBL team are set to be revealed as the Jack Jumpers, a species of venomous ant native to Australia.
The nickname was reported to have pipped Tridents after a shortlist of five was whittled down to two.
An official announcement will be made on Thursday morning.
The island state has not had a team in the national basketball league since the Hobart Devils folded after the 1996 competition.
Tasmania will enter the league for the 2021-22 season and play largely out of Hobart's Derwent Entertainment Centre.
The club in August appointed former Hobart Chargers president and Golf Australia operations boss Simon Brookhouse as CEO.
Other names that were in the running were the Timbers, Mountaineers and Pride.
The Tigers and Devils weren't considered given their association with the state's cricket team and AFL sides.