Coleman, who finished eighth out of 135 ballot candidates in last week's California recall election, will begin his on-air commentaries Friday, the network said.
ACR Chairman Kent Emmons, a supporter of Coleman's candidacy, said: "After the contract signing we did high-fives. Well, to be honest, we did fives."
Coleman is best known as a child star on the television program, "Diff'rent Strokes."
N.J. man wakes up from 10-hour sleep with knife in back
Exploding whale video goes viral on Internet