In Lockbaum's junior season of 1986, he rushed for 827 yards on 144 carries, caught 57 passes for 860 yards, and scored 22 touchdowns on offense; on defense he had 46 tackles, two fumble recoveries, and one interception; on special teams he returned 21 kickoffs for 452 yards. In a game against Dartmouth he scored six touchdowns, and in a game against Army he was on the field for 143 of 171 total plays. He was named WTBS college football player of the year, New Jersey Sports Writers Association college player of the year, and finished fifth in the Heisman Trophy balloting.