Well if I understand your plan it raises the severity of the punishment because by raising salaries, and pensions, you increase the consequence of losing that. Hence the ban is more severe, and theoretically more of a deterrent.

However, as Stallionforce points out, by increasing the payout for making the team, you increase the incentive to cheat to get on, stay on, the team.

I don't think people are cheating because of the pressure to make a living wage. If that were the prime motivation, you wouldn't have all the cases at the top, a la Uhlrich, Hamilton, etc. I think people cheat because they want to win, want money and want fame. Adding more money would only be fuel to the flame.