The Pit, University of New Mexico, Albuquerque

An iconic arena in the Mountain West Conference is looking to rename the home of its mid-major Men’s and Women’s basketball program.

Officials with the University of New Mexico in Albuquerque have announced plans to sell the naming rights to the 15,400-seat arena, officially renamed The Pit in 2009 although colloquially- used by fans since the building first opened in 1966.

University officials are hoping to generate about $...

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