NEW YORK (Ticker) -- For the third time in four years, the New York Yankees will celebrate with a ticker-tape parade through Broadway's Canyon of Heroes.

The festivities are scheduled to begin at noon EDT and will conclude with a rally at City Hall. More than a million fans are expected to salute the Yankees, who swept the Atlanta Braves in the World Series for their North American professional sports record 25th championship.

The procession will begin at Battery Place and will include six floats carrying manager Joe Torre and the rest of the team along with Clydesdale horses and the Radio City Music Hall Rockettes. Approximately 5,000 invited guests will watch the team receive the honorary keys to the city from Mayor Rudolph Giuliani at the rally.

The Yankees have nearly made this an annual event in recent years, with the city honoring the team after its World Series victories in 1996 and 1998.

Easily the Team of the Century, New York became the first repeat winner since Toronto in 1992-93 and matched a record the franchise set in 1927, 1928 and 1932 with a 12-game World Series winning streak. The Yankees recorded the first back-to-back World Series sweeps since they did so in 1938-39.

The 25 World Series titles dwarf the nine won by the St. Louis Cardinals, who are second on the list. The Montreal Canadiens have won 23 Stanley Cups in the National Hockey League and another before the formation of the league.

In the celebration following Wednesday's Series-clinching win, the team put aside its accomplishments on the field to remember those they lost. Outfielder Paul O'Neill was the third player this season to lose his father as Charles O'Neill died early Wednesday morning.

A season of emotion also included the loss of Hall of Famers Joe DiMaggio and Catfish Hunter. It began with news that Torre had prostate cancer in spring training and Darryl Strawberry's legal troubles.

Closer Mariano Rivera became the second Yankees reliever in four seasons, joining John Wetteland, to be named World Series Most Valuable Player. He earned two saves and a win in the series.