the thrilled/joyous players took a victory lap
See, for instance,
Lewis, Carl, 1961-
One more victory lap : "my personal diary of an Olympic year" / Carl Lewis ; written with Jeffrey Marx.
Santa Monica, CA : Athletics International, c1996.
Looking for Purpose Beyond a Victory Lap
There was probably no sharper contrast of images at the Olympic Games than the distinct ways in which the United States' men's 4x100 meter relay team celebrated their victory and Australian 400 meter gold medallist Cathy Freeman celebrated hers.
"Victory lap" sounds more appropriate to me since it can apply to all sports and not necessarily in an olympic event.
Local time: 01:48
Native speaker of: Spanish, English
PRO pts in pair: 8