Lockbaum was a two-way standout for the Crusaders, in an era when the two-way player was a thing of the past. In his junior season he was named ECAC Player of the Year, New England Offensive Player of the Year, and WTBS National Player of the Year. He finished fifth in the Heisman Trophy balloting. In his senior season he finished third in the Heisman Trophy balloting, second in the Maxwell Award voting, and was named the Football News Division I-AA Player of the Year. He was a two-time First Team All-America selection, receiving recognition on offense, defense, and special teams. The only full-time two-way performer in major college football during 1986 and 1987, he was in the game for 143 plays against Army in 1986 and scored six touchdowns in an HC victory over Dartmouth that same season.
He graduated with his name on top of many Crusader records, including points in a season (132) and a career (264), touchdowns in a season (22) and a career (44), all-purpose yards in a season (2,173), receptions in a game (15), season (78) and career (135), yards gained via reception in a season (1,152) and career (2,012).
He was selected to play in the Senior Bowl, East-West Classic, and the Blue-Gray game and was an NCAA Scholar Athlete “Top Six” Honoree. Chosen as Crusader of the Year for 1988, his teams won two Lambert Cups (1986 and 1987), was undefeated in 1987 (11-0), and that squad was also selected National Champion in the NCAA and Sports Network Polls. He was drafted by the Pittsburgh Steelers in the 9th round, and was elected to the College Football Hall of Fame in 2001.
He was inducted into the Crusader Football Legends Ring of Fame in 2010, as part of its inaugural class. See a Photo Gallery of the event.