This is a prime example for everyone complaining about comp crucible. Even if you didn't lose points, you people would still complain.
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People start leaving more often when they consider the activity a waste of time. We've already been through this with Year 1 D1 Iron Banner. You didn't get anything for losing, so people would quit in the first 30 seconds. Penalties don't work since people just don't care about them or will just AFK and do something else. Even if it's half as much as previous ranks, you should definitely get points for losing at Legend rank in Gambit.
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That is what happens when certain weapons are exclusive to things like competitive PvP. The choice is this, either you keep the exclusive weapon and deal with those who are unskilled and obviously hate playing the game type, or do away with the exclusive items and then you only have more skilled players (for the most part) and those that want to be there.