Agreed. It could be argued that it will drive wages down and the number of imports will fall, meaning more EPQ players will get a chance. I think it might also mean that clubs might start to look at numbers in the squad, and increase their squad size. 3 players for every position, and for critical roles (front row and scrum half and flyhalf), maybe four, meaning I think we could see squads heading towards 50. That's only £145k per player outside the marquees. And I think £300k will become the top line pay for the best two or three in the squad, with most on £100k or less. There will be far greater rotation as well meaning each player having to play less games.
With marquees on as little as £400k-£500k, we will attract far fewer out of league players.
I think it will be good for the game.