Cardinal Mahony wagers a case of wine on the Lakers, a councilman resigns in disgrace, David Carradine is found hanged and more, including the local gay Asian-American mayor. Mark Lacter's morning headlines are at LA Biz Observed.

• The Lakers and Magic square off in the NBA finals at 6 p.m. on ABC.
• Cardinal Roger Mahony has put up a case of Cathedral of Our Lady of the Angels-labeled wines against the Orlando bishop's wager of three key lime pies, four pounds of fresh shrimp and a bottle of oxygen—"– fresh air – that you are unaccustomed to breathing out there in Los Angeles.”
• Matt “Money” Smith, host of the “Petros & Money Show” on KLAC, talks about the series with Patt Morrison on KPCC at 2 p.m.
• Actor David Carradine was found hanged in his Thailand hotel room. In March, he was involved in an odd encounter with Haskell Wexler at the Aero Theater. LAT
• Temple City councilman David Capra was forced to resign from office after pleading guilty to a misdemeanor campaign finance reporting violation and was given 36 months probation. A developer accused Capra and two other officials of demanding bribes in exchange for support of a project. Star-News
• The publishers of the Hollywood Reporter and The Wrap appear to have gotten into a little sniping match in the comments at the latter site. The Wrap
• Mayor Villaraigosa had another press conference hijacked by questions about Lu Parker and his plans to run for governor. DN
• Los Angeles County stands to lose $1.8 billion under Gov. Arnold Schwarzenegger's budget-balancing plan, forcing massive local cuts. DN
• The City Council approved a seven-story apartment building at La Brea and Willoughby avenues, but not before some argument between members. LAT
• Speaker Karen Bass Q&A: "My first contact with the Jewish community was showing up at school for Yom Kippur and being the only person in my class...from Hancock Park Elementary School, I went to Hamilton High School, which was predominantly Jewish during those years." Jewish Journal
• ACLU attorneys Mark Rosenbaum and Peter Bibring argue for continuing the LAPD consent decree. LAT Op-Ed
• Redondo Beach mayor Mike Gin "is an unusual public official in that he is gay, married, Asian-American." LA Weekly
• KCET has posted a web story on the Los Angeles River produced by activists Friends of the L.A. River and students from the Los Angeles Leadership Academy. Departures
• Salam S. Al-Maryati, Director & Co-founder at the Muslim Public Affairs Council in Los Angeles, talks about President Obama's speech to the Muslim world at 10:30 on KPCC's Airtalk.