Pong is based on Roger Bennett and Eli Horowitz's book Everything You Know Is Pong, The Hollywood Reporter says.
The project, which was reportedly the subject of a bidding war, is expected to focus on a table tennis star who tries to get on in the real world.
Pong is being executive produced by Justin Lin, who has directed three episodes of Community and is heavily involved with the Fast and the Furious movie franchise.
The script will be written by Michael Colton and John Aboud, who have previously collaborated on Sit Down, Shut Up and Leverage.
NBC is currently working on a number of new comedies, including a sitcom from Sarah Silverman, a karaoke show from The Voice mentor Adam Levine, and a show from Ellen DeGeneres's production company starring her wife Portia de Rossi.