Duffy had completed the screenplay in fall of 1996 and passed it to a producer's assistant at New Line Cinema to be read by a senior executive. The screenplay changed hands through multiple studios and Duffy was approached by multiple producers for the rights. In March 1997, he was contracted by Paramount Pictures for $500,000, and later in the month, Miramax Films won a bidding war to buy The Boondock Saints. The studio offered $450,000 to Duffy to write and direct the film. It was reported the script was worth $300,000, and the film itself was originally given a $15 million budget by Miramax's Harvey Weinstein. Duffy's band The Brood would do the soundtrack, and as a bonus, Miramax offered to buy and throw in co-ownership of J. Sloan's, where Duffy worked.
Filming of The Boondock Saints was scheduled for the coming autumn in Boston. Duffy sought to cast Stephen Dorff and Mark Wahlberg as the Irish brothers, though Wahlberg passed for Boogie Nights. The director also wanted to cast Billy Connolly and Kenneth Branagh in the film, with Branagh playing the gay FBI agent. Duffy also expressed interest in casting Brendan Fraser, Nicky Katt, and Ewan McGregor, with two of them as the brothers, but no decisions were finalized. The director later sought Patrick Swayze to play the FBI agent, but Miramax preferred Sylvester Stallone (with whom the studio had an existing relationship), Bill Murray or Mike Myers. Before pre-production work was supposed to begin in Boston in December 1997, Miramax pulled out of the project. Producer Lloyd Segan said that the project had stalled due to casting and location problems. While Duffy was able to keep the writer's fee of $300,000, the studio required the reimbursement of the $150,000 director's fee and the $700,000 advance to develop the project.