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If you have all the international amateur settings on as well, then you'll be adding at least 50 players to your system each year. That fills two teams. You keep new guys for six years, so before the players you get this year hit minor league free agency, you'll be adding 12 teams worth of players to your system. Even with a deep minor league system (AAA, AA, hi-A, lo-A, s-A, and two Rookie teams), eight teams in total including the majors, in any six year window you'll have 100 excess players, give or take. If every team releases those guys, that's 3000 players in the FA pool. If every team hoards those guys, that's 75 players at each Rookie team (50 extra on each roster).
So yes, you probably want at least two Rookie teams, but might also want to make sure you aren't generating a more players than is appropriate for your league size. If international stuff is off, then it's less clearcut - I'd still go with two Rookie teams, but one might be okay.
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