The Lobos were coached by second-year head coach Steve Alford and played their home games at the University Arena, also known as "The Pit", in Albuquerque, New Mexico.

The Lobos finished the season 22–12, 12–4 in Mountain West play.

They were Co–Champions of the Mountain West Conference with Utah and BYU.

[1] They were defeated by Wyoming in the semifinals of the 2009 Mountain West Conference men's basketball tournament.

They defeated Nebraska before losing to Notre Dame in the second round.