Teamxbox has posted a new NCAA Football 10 video that shows off their Teambuilder custom team. You can also check out some more details on their screenshots page.
I think that was probably one of the logos they uploaded, i think you can put a logo there, so if you make a logo of text...then yes, you can have that on the front.
Contrary to the thread about the stupidity to create high school teams, that sure looks like one heck of a high school stadium. I'm pretty pumped about this game now. Just look around at all the stuff. I thought I saw a soccer goal over to the backside.
Are the pants and jerseys shiny like a couple of years back in madden? I ephing hated that. It made everything look like leather. Hope that's not the case.