Live start has its issues... There is no way according to Matt Arnold to track the minor league transactions. Major league transactions should be updating. But you will find stragglers on minor league deals that have been released and possibly already signed with an organization again still on their previous team.
As far as the draft goes... I asked the same question to someone very involved in the creation of new players and was told they are roughly at 70 % of all draftees being in the database. That'd pretty good considering that the draft was just last week
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