Ward was born in Providence, Rhode Island, the son of Miriam (née Schad) and Robert McCollum Ward. Ward has degrees from Pomona College (BA), as well as both USC and the UCLA Film School (MFA).
He was employed at an educational film production company when he sold his screenplay for The Sting (1973), which led to an Oscar win for Best Original Screenplay. After this initial success, his follow-up projects were less critically and commercially well received, including Ward's first directorial effort, Cannery Row (1982), and a sequel The Sting II (1983). Ward's efforts to sell a script based on the frontier days of California were undone by an industry-wide "ban" on Westerns after the spectacular failure of Michael Cimino's Heaven's Gate (1980). He then wrote the comedy Saving Grace (1986) under a pseudonym.
Sting star Robert Redford contracted Ward in 1986 to work on the Redford-directed The Milagro Beanfield War. The response to this project enabled Ward to convince Morgan Creek Productions and Mirage Productions to bankroll Major League (1989), a baseball comedy that he'd been pitching to producers without success since 1982. Major League was a labor of love for Ward, who had lived in the Cleveland suburb of South Euclid as a child and who had rooted for the Indians' teams of the 1950s, including the 1954 American League Champions. "I figured the only way they were ever going to win anything in my lifetime was to do a movie and they'd win", says Ward. Within 10 years of the film's release, the Indians would appear in the World Series twice, then again in 2016.

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