Complex sentence: It has been reported that when DirecTV and Major League Baseball completet their exclusive MLB Extra Innings deal in 2007, the deal will include DirecTV being the exclusive home of MLB's league owned Baseball Channel.
Split into simpler sentences: It has been reported that when DirecTV and Major League Baseball completed their exclusive "MLB Extra Innings" deal in 2007. The deal will include DirecTV being the exclusive home of Major League Baseball's league owned Baseball Channel.