Hurricanes President Don Waddell on Wednesday said that PNC Arena “remains likely to remain" PNC Arena. The Hurricanes and PNC Bank are "halfway through a 90-day extension of their naming-rights deal without a new agreement." Waddell said, “It’s still named PNC. We’re working toward an extension with them. I feel confident we’ll get something done in the next little bit. That’s why we haven’t taken the name off yet.” The original 20-year deal worth $4M per year, expired at the end of August, but the two sides “agreed to extend the negotiating window to pursue a long-term extension.” Any naming-rights revenue is divided among the Hurricanes, N.C. State and the Centennial Authority, which “oversees the arena” ( Raleigh NEWS & OBSERVER, 10/14 ).
