The Lakers will have a victory parade after all, despite looting and vandalism on Sunday night and concerns over the cost.

Los Angeles police chief William Bratton said that many known gang members were among the mob of "knuckleheads" that looted and vandalized after the Lakers won the championship.

The Lakers and the city will contribute $1 million apiece for the parade. Unions representing city workers demanded the Lakers or other private groups pay for the celebration because of the current economic crisis.