I’ve always complained about this being unfair. Compensatory picks could get messy, but definitely think a TPE or PE of some sort should be given. Teams would still be at the mercy of the luxury tax so they would have to be careful about spending.
On a related note, and one that has affected the Cs multiple times in the last few years, I think it is really dumb that a team over the cap get an ‘MLE’ that is essentially (more than?) twice the amount a team just under the cap gets. Danny did amazingly getting the cap to work to sign Horford, Hayward, and Kemba, but he was never able to sign a real full MLE level impact player.