The $40,000 Man has just been purchased by New Line. According to Variety, John Francis Daley, of Freaks and Geeks fame, and Jonathan Goldstein wrote the comedy spoof.
The film will follow the adventures of a legendary astronaut who almost dies in a horrible car accident. A team of scientists put him back together using advanced robot technology, but they are only allowed to work with a $40,000 budget. So, he turns out to be a bargain basement bionic man.
There is no word on when the film will start shooting.