Ben McDermott has smashed a blistering century to help the Hobart Hurricanes pull off a record-breaking Big Bash League win.

McDermott hit 114 off 52 balls - the second-highest score in BBL history - as the Hurricanes chased down a record target of 223 to beat the Melbourne Renegades by two wickets on Thursday night.

With 16 needed from the final over at Etihad Stadium, Cameron Boyce was run out by Sunil Narine to give the Renegades hope of saving the game.

But England paceman Stuart Broad hit the winning runs to secure victory and keep the Hurricanes' season alive.

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The 22-year-old McDermott belted nine sixes and eight fours before being trapped LBW by Narine, just three runs short of Luke Wright's BBL record score of 117.

Renegades spinners Brad Hogg and Narine each took wickets in quick succession to leave the game in the balance before Broad saved the win.

George Bailey made 59, while Narine took 3-27 for the Renegades.

The Renegades earlier looked well-placed after posting a BBL record 4-222, helped by half-centuries from Aaron Finch and Tom Cooper.

It was another impressive performance from Finch, who responded to being dropped from Australia's one-day squad with 57 during the Renegades' loss to the Sydney Sixers on Monday.

Fellow veteran Cameron White chipped in with an entertaining 34 with the Hurricanes bowlers offering little resistance.

But they were soon overshadowed by McDermott's heroics. The son of former Australian Test quick Craig McDermott was playing just his second game of the BBL season.