The musical is being produced by Craig Zadan and Neil Meron, the duo behind New Line's musical "Hairspray"; a sequel to that film is in the works.
"Damn Yankees," which bowed on Broadway in 1955 and won seven Tony Awards, focuses on Joe Boyd, a happily married middle-aged man whose devotion to a hapless pro baseball team prompts him to make a Faustian bargain with the devil to help the team. He's transformed into slugger Joe Hardy, in exchange for Boyd's soul. Boyd can break the deal, but the deadline occurs during the World Series. For good measure, the devil engages Lola, a gorgeous lost soul, to seduce the slugger and seal his fate.
The plan is for Carrey to play the devil, and Gyllenhaal to play Boyd. It's the first musical for each.
Jake Gyllenhaal, Jim Carrey to star in 'Damn Yankees' movie remake
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