The Texas Rangers (formerly the Washington Senators) still own the rights to the name. One name suggestion is the "Grays" after the Negro League team that played in D.C.
I saw a Senators game there many years ago. They had orange seats in the outfield where Frank Howard hit his homeruns. I wonder if they are still there?
Whoever exalts himself will be humbled, whoever humbles himself will be exalted - Matthew 23:12