theSHAH said:
http://mymaddenpad.com/madden-nfl-13-connected-careers-faqs/ is the most reputable thing I could find quickly in my laziness. It's like the 5th FAQ down.
I've got a buddy who has the "Season Pass" (which means he gets access to the game three days early).
I will ask him to try a fantasy draft and when he gets back from the gym, he will let me know what happens.
On the plus side, he did say this (text message word for word):
"I dunno about the fantasy draft. But yes it is tits, legit salary cap, scouting during the season, player progression thru exp earned by performance, storylines, better game engine, smarter defense. Free agents have to be attracted, trade logic is solid if not overtly difficult. This game is tits"
I will update this once he tells me if fantasy draft is in or not
Update: He is unable to find the fantasy draft option so it is most likely gone