I really like this idea. I think it would benefit though if you change the way it's written, only slighty.
A logline is about making the story as clear as possible. To do this I suggest writing it as a series of causes and events. So with this logline I would re-word it like so:
In a city of the future, when the woman he loves is taken by (whoever) a young man must take on a series of mind bending, gladiatorial games to win her back or risk losing her forever."
Obviously rather than the 'risk loseing her forever' bit, i would make the stakes a little clearer.
And i dont think that you need the 'breaking the city's one rule' line. This just makes the logline more confusing and makes it read more like a tagline.