As a current student and somebody who is..... pretty tight with the entire basketball team, I actually think they'd be quite keen to a lot of the ideas being mentioned here.  I'll suggest the bagpipe idea to some of them (Kenton being the one that can most easily rally the team behind an idea) and see what they say.  If the team backs this idea first I'd say you have a much better chance of making something happen... again though, I think a little more pageantry is something they'd have a lot of fun with.