Fleet Street's headline writers have gone pun crazy after the match - and our favourite of the lot is the Daily Mail's "Palace in Wonderland".
In its report the Mail pays tribute to evergreen striker Kevin Phillips, who stepped up in the 115th minute and smashed the winning penalty into the roof of the net:
"In the end, it came down to one kick: a 46-game season, the play-offs, extra time at Wembley and a 39-year-old man with a ball on the spot and £145 million at stake. Up stepped Kevin Phillips, once of Baldock Town, once of Watford, once of England with nearly 300 career goals to his name, on loan at Crystal Palace from Blackpool, and he struck his penalty sweetly. Who better to have in your ranks at this moment than Phillips? Manuel Almunia guessed the right way but the ball flashed beyond his reach into the top corner. Ian Holloway claimed he would have the striker in his squad until he was 50. Who can blame him?"
The Daily Star, The Times, Daily Telegraph and Daily Express also focus on Phillips. The Telegraph's "Where Eagles dare" points to the ice in Phillips's veins at penalty time, while the Star's back page screams "Kev's a golden oldie", referring to the "£110m Wembley winner".
As yesterday's Paper Round and today's Early Doors blog both point out, the Star's £110m estimate is at least £10m and possibly nearer £30m shy of the real figure. The Express goes with £120m, The Times calculates it at £135m, and the Mail at that £145m.
Whoever you believe, it's a vast amount of money - so much, in fact, that The Times's Giles Smith worries for the state of the nation's finances, given how much the Eagles will earn:
"The Champions League affair on Saturday night was all very well, of course, but it was no more than a dress rehearsal, a mere 'one, two, check' woofed into the PA, before the big one, the season’s true peak: yesterday’s npower Championship play-off final. Proper stakes, you see...
"The sums involved are clearly so high now that there’s room to wonder whether the play-offs’ essential impact is footballing or economic. The recession that began in 2008 is typically linked to sub-prime mortgages, but some analysts also speculate that it owes its source to financial instability created by Hull City’s defeat of Bristol City that year, Dean Windass’s 38th-minute winner at Wembley sending global stock markets into a crisis of uncertainty from which they are only now recovering.
"So, happy days for Palace, then. But bear in mind that yesterday’s win could yet interfere with the money supply and tip the country into an unwanted triple-dip recession."
The Daily Mirror focuses on Palace manager Ian Holloway in its clever headline ("£120m Bank Ollie Day!"), but the story is more praise for Phillips, who turns 40 in July but who is still as nerveless from the spot as he ever was: "There would be no safer bet on the pitch when it comes to trusting a player to convert a nerve-jangling extra-time penalty... Just think of everything at stake. All the money, the glory and the pressure. Yet Phillips stepped up, cool as you like, and rifled the spot-kick into the roof of the net as if it was any other goal."
The Sun focuses on Palace's new problem: how on earth will they stay up considering that their best player, Wilfried Zaha, has already been sold to Manchester United?
"God help us" runs the headline, with the story quoting Holloway: "I’m delighted for Wilf, he’s a wonderful kid. He’s got us to the Premier League with a wonderful bit of skill and Kevin stuck it in the net so what more can I say? I will thoroughly enjoy the night and scratch my head and think how we are going to stay up as we have lost Wilf."
The Times and various other papers suggest that Palace will ask to loan Zaha back - but after the winger's display at Wembley, our bet would be that he'll be one new toy that David Moyes will be quite keen to play with for himself.
On to other news, and the Daily Mail reports that Tottenham have opened talks with Barcelona about signing Spain's World Cup-winning striker David Villa, who at the age of 31 would cost £10m. Villa's career has been ravaged by injury since his stunning displays for Spain in South Africa three years ago, and with Neymar on the way to Camp Nou it seems certain Villa will move on.
And finally, the Daily Telegraph - and several other papers - report that Mark Hughes is set to take over as Stoke City manager some time this week after 48 hours of talks.