The Pit has garnered praise as one of the top venues in college basketball from sports reporters, announcers, and opposing coaches. Sports Illustrated listed The Pit among its Top 20 Sporting Venues of the 20th Century. Jim Boeheim, Lute Olson, and Steve Fisher have praised Lobo fans and the exciting atmosphere coaching at The Pit. Rick Majerus, who compiled a 5–11 record against the Lobos at The Pit, tying him with Don Haskins for most wins by a visiting coach, noted the intensity and dedication of Lobo fans and their knowledge of the game, The Pit hosted the 1983 NCAA Final Four, the last time the event was held on a college campus. North Carolina State upset heavily favored Houston in the memorable championship, sealing the victory with a last second basket. The video clip of NC State coach Jim Valvano celebrating at the end of the game documents one of the most famous moments in NCAA basketball history and is a staple of NCAA tournament television coverage.