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According to The Hollywood Reporter, Shannon, who was set to portray Dr Jerry Buss, the owner of LA Lakers professional basketball team, departed the project over “creative difference”.
The pilot will be directed and executive produced by Adam McKay of “Vice” and “The Big Short” fame.
The hour-long drama will chronicle the professional and personal lives of the 1980s-era Lakers.
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Reilly’s version of Buss will be a self-made millionaire whose success has only amplified his proclivity for risk. He redefines American sports, celebrity and wealth by transforming the Lakers into a dynasty, but his house of cards threatens to collapse on him and the people he loves most.
The show will also feature actor Jason Clarke as Jerry West, a Lakers legend and general manager of the team during the “Showtime” era.
Kevin Messick, Borenstein, Jim Hecht, who co-wrote the story, will also executive produce the show alongside Jason Shuman and Scott Stephens. Rodney Barnes is co-executive producer.
The project will commence shooting later month.