University Arena opened in 1966 but was soon nicknamed "The Pit" due to its innovative subterranean design, with the playing floor 37 feet below street level. The Lobos have enjoyed exceptional success at The Pit, winning over 80 percent of their games and mounting home-winning streaks of over 20 games four times, with the longest of 41 straight in 1996–98. The Lobos have made 14 NCAA tournament appearances and 17 NIT appearances since the opening of the arena. In 1992 the basketball court at The Pit was named "Bob King Court" in honor of the coach who made its construction possible.