CHARLOTTE, N.C. The Charlotte Knights signed a long-term agreement with BB&T for the naming rights at the team s proposed new uptown Charlotte stadium.
The proposed 10,000-seat stadium in the Third Ward still has hurdles to jump before the deal is finished, including City Council approval for $8.5 million in taxpayer money to finance the stadium.
The team first asked the city to fund $11 million.
But if the stadium is built, BB&T will be featured prominently with the Knights. The agreement means the stadium will carry the BB&T name as well as other signage and promotions.
We understand approval of the stadium is a process and critical decisions still need to be made. If those decisions are positive, we are delighted to support what we believe will be a tremendous economic catalyst for Charlotte and the region, said Wes Beckner, regional president of BB&T s Charlotte metro region.
The stadium for the Triple-A affiliate for the Chicago White Sox would open in April 2014.
The Knights have called Fort Mill, S.C. home for the last 22 years. The team projects attendance to double to 600,000 fans annually with the new uptown ballpark.