Owners and players are in a contract deadlock, and it appears unlikely to break before the deadline.
The Caniacs and business owners in the Triangle were dreaming of another Stanley Cup run, but now there's little hope for a deal before Sunday. That is tough news for Caniacs, as the Hurricanes brought in additional star power to help a team that hasn't made the playoffs since 2009.
While fans will be disappointed, it's the lost economic impact that will be felt by many others in the Triangle. Restaurants like the Backyard Bistro, across from the PNC Center know a lockout will mean lost revenue for them.
"To be honest with you, a situation like this just hurts everybody in the local economy - the arena workers, the hotels behind us, you know, the restaurants. It's just not good for everybody," Backyard Bistro Owner Joe Lumbrazo said.
Many fans and businesses are still holding out hope that there may be a partial hockey season.
"You know, all that's left is college football on Saturdays. And then, like I say, the only other hockey to follow is the AHL. Follow the Checkers" Hurricanes fan Mark Fowle said.