The controversial Australian was Punished by the All England Club for failing in his first-round match which was over in only 58 minutes.
The 6-2, 6-1, 6-4 defeat to Jo-Wilfried Tsonga was the briefest men's match at the competition.
"I don't believe it's reasonable to remove all his prize cash," said Djokovic on Friday.
"I have to see obviously his behavior, movement on the court, how much effort he put in. He deserved his right to be in this tournament. He's a top 100 player.
"He's worked the entire year to be here. He deserves most of that prize money."
World number one and defending Wimbledon champion Djokovic, who is likewise the leader of the ATP Player Council, accepts different variables could have become an integral factor which would have been alleviating.
"It's not nice for the crowd, the other players that maybe would want to be in the position to fight to get to the second round.
"But he played against Tsonga, who is a great player on grass."
