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  • Axios Raleigh

    Known as PNC Arena since 2012, the home of the Carolina Hurricanes could get new name

    By Zachery Eanes,

    2024-09-09
    https://img.particlenews.com/image.php?url=3Qt7dN_0vQG4Qyb00

    The home of the Carolina Hurricanes and N.C. State basketball could be getting a new name after PNC Bank's naming rights agreement ended on Aug. 31 and its signage began coming down on Monday morning .

    Why it matters: The facility — which opened in 1999 and is headed for massive renovations — has been named PNC Arena since 2012 , after PNC Bank acquired the previous naming rights owner RBC Bank.


    Driving the news: On Monday afternoon, the Hurricanes announced the team was entering into a new deal with PNC to sponsor the arena's club and club-level seating.

    • The team, however, did not comment on whether PNC would retain the arena's naming rights, even as the signage was coming down.
    • Hurricanes spokesperson Mike Sundheim said in an email the team did not have a timeline for announcing a new naming rights deal. But the arena's owner, the Centennial Authority, has a meeting scheduled for Thursday to consider a new naming rights contract, WRAL reported .

    By the numbers: The previous naming rights deal signed by RBC was a 20-year, $80 million deal, per the Triangle Business Journal .

    Zoom in: Speculation about the future of the building's name has been high since its deal with PNC officially ended.

    • The arena was recently referred to as the Lenovo Center in the trailer for EA Sports' new hockey video game NHL 25 — further adding to the speculation.
    • Computer maker Lenovo is one of the largest employers in Research Triangle Park. The company has not yet responded to a request for comment.

    What they're saying: "We're grateful for PNC's continued major partnership as we embark on this next chapter in our growth story — and for the bank's commitment to strengthen and invest in the region we call home," Hurricanes Holdings president Doug Warf said in a statement on PNC's sponsorship of the club level.

    • A spokesperson for PNC confirmed the original naming rights agreement had ended, but did not say whether the bank had the new naming rights.

    Flashback: When it opened in 1999, the stadium was called the Raleigh Entertainment & Sports Arena.

    • From 2002 to 2012, it was known as the RBC Center.

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