Complex sentence: MLS's contracts with ESPN and NBC Sports expire at the end of 2014; in January 2014, it was reported that the league was negotiating a $70 million-dollar contract between ESPN and Fox Sports.
Split into simpler sentences: MLS's contracts with ESPN and NBC Sports expire at the end of 2014, and the league is currently in negotiations for a new set of contracts. In January 2014, it was reported that the league was negotiating a $70 million-dollar contract between ESPN and Fox Sports.