Do I gain anything from this, like scouting reports? Or is it just so I can physically watch them play? It seems kind of pointless if I don't get scouting reports or something out of it.
My opinion is that you don't get anything from them, apart from the realism. Plus it gives you something to do during the months when you don't have any games.
You can easily get your scouts to scout the players and see who is doing well or not.