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Then big-market teams could out-spend other teams, by paying $60M for their quarterback...
Every decision has a risk and a consequence.
The idea is to use this "exception" on a player drafted by the team that will use it. It is obviously for a second contract. No doubt the saints would have use it on Brees. The texans may have used it on J.J. Watt since they were paying Watson on a rookie contract. Obviously the Chiefs will use it on Mahomes.
But think about it, would the niners use it on Garoppolo or one of their brilliant defensive ends?
The saints and patriots right now will be thinking twice on using it on Brees and Brady.
I don't think bigger markets will have an advantage. Mahomes will be the best player pretty soon. And even if he was out of the cap, agents will take this contract as a reference for quarterbacks.
The thing is, top players (specially quarterbacks) are taking a bigger percentage of the cap. Keeping one player out will help re-distribute salaries on second level players, in my opinion.