My team good, we don't really need a mascot
from Drake (Ft. Lil Wayne) – The Motto Lyrics on Rap Genius
Meaning
Except for maybe an owl.

City officials in Toronto, Drake’s hometown, were upset over Drake’s use of the city’s logo in a local billboard.
Could be a subliminal diss to Kanye and G.O.O.D. Music, referring to Ye’s College Dropout bear.
Also possibly a shot at Pusha’s line in “Trouble on My Mind”: “Still got the Macs out, pull the mask down like a mascot. Those two had some issues lately and "Trouble on My Mind” was released a few months before “The Motto.”
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