By Mike Bruno
Updated February 27, 2009 at 04:59 PM EST

Jim Carrey and Jake Gyllenhaal are attached to star in New Line’s contemporized film adaptation of the classic musical Damn Yankees, Variety reports. Craig Zadan and Neil Meron, the duo behind New Line’s musical Hairspray, are producing. The story is about Joe Boyd, a happily married middle-aged man makes a deal with the devil to help the hapless pro baseball team he loves. He trades away his soul and is transformed into slugger Joe Hardy, and although he can break the deal, the deadline occurs during the World Series. Meanwhile, the devil enlists a gorgeous lost soul to seduce the slugger and seal his fate. Gyllenhaal is set to play Boyd while Carrey is on tap to portray the devil. The original 1955 Broadway musical won seven Tony Awards.