UPDATE: 5:27 AM PT 9/23/10–Corrects headline that incorrectly said a show partner was The Onion. As it correctly says below, this show is a potential competitor to that show.

A former anchor on the "Weekend Update" segment of NBC’s "Saturday Night Live," is working on a show for Comedy Central that will be a satirical look at sports, reports the Los Angeles Times’ ShowTracker blog.

Working with the former ‘SNL’ anchor–Norm MacDonald–on the project is Daniel Kellison, a television producer who has worked on "The Man Show" and ABC’s "Jimmy Kimmel Live," and Mike Gibbons, a producer who has worked with talk-show hosts Craig Kilborn and Craig Ferguson as well as on TBS’ "Lopez Tonight," the story says.

The article adds the project, which may be in competition against a sports spoof show being developed for Comedy Central by The Onion, remains in the early stages and hasn’t yet received a green light from the cable network.