Matthew Perry

Matthew Perry's hotly sought-after new comedy pilot ended up in the hands of ABC, according to The Hollywood Reporter.

Check out other familiar TV faces with new shows

The deal for the untitled comedy is said to include penalties if the pilot doesn't make it to series, almost guaranteeing that the project will get a green light, THR reports. The Friends alum will star in, co-write and executive-produce the project, which will be produced by Sony Pictures TV.

Perry will play a self-involved manager of a second-rate sports arena who begins to re-evaluate his life on his 40th birthday.

News: Matthew Perry developing new sitcom

The intense bidding war came down to ABC and NBC, which was home to Friends. The new comedy will be the second on ABC to feature former Friends stars: Courteney Cox currently stars in the Alphabet's Cougar Town.