It's a bold strategy in the first year of a team to forego using a real name, but it is not unprecedented. The Washington Football Team of the NFL was a name that actually almost stuck for many fans, and it looks like Utah will take the same approach while they work out their jerseys and branding.
A few weeks ago, the Utah ownership group did survey fans for what they would like to be their name. According to Greg Wyshynski, we could find out as soon as tomorrow about a team name, and later this week about their new colours.