Wolv, I like these. they are definitely in the running - turning my top 3 into a top 4, and making my decision even harder. :)
Could you do a variation of #397 with the "web 2.0" styling you apply to a lot of your designs? In other words some shiny texture, 3D depth, etc. Whatever you think might look good. It's important to see what you already sent for printing, embroidering, etc, but since I'll use it on the web a lot, I'll have plenty of flexibility with color spectrum, subtle gradients, etc.
I'd also like to see one that uses the blue and gold colors more prominently (though not necessarily exclusively). That may be the one branding element from my old logo that I keep, though I haven't decided for certain. It may be working some gold into the #396 design.
Finally, do you think the icon left of the words is the best way to balance everything? I probably pushed designers in that direction with my rankings, but if you want to experiment with other options, I'm game.
Bottom line, I like your design. Any variations or enhancements you can send along these lines would be great.
Thanks!
Jeremy