They advanced to the semifinals of the 2010 Mountain West Conference men's basketball tournament before being defeated by eventual champion San Diego State.

They received an at–large bid to the 2010 NCAA Division I men's basketball tournament, earning a 3 seed in the East Region.

[1] Some of the items included in the presentation were the addition of 60,000 square feet (5,600 m2) of new space, the expansion of the concourse, the addition of 40 luxury suites and 300 club seats to the mezzanine level and the new state-of-the-art locker room facilities for Lobo men's and women's basketball.

The focus of the design, guided by Molzen-Corbin & Associates, was to maintain and improve the fan experience but not change The Pit.

The planning committee was charged with keeping The Pit intimate, respecting its history, keeping the mystique of the arena, maintaining great sight lines and the current bowl seating mix and embracing new technology.