A fluctuation of 200 points in rating from peak is not uncommon and can happen to anyone.
In addition, the site uses the Glicko rating system and on account creation asks for the player's strength which sets a default initial rating. A new player that's really 800 strength that creates an account at 1600, is going show a much higher highest rating than their eventual strength will put them at. Add to that a lucky win, or one by disconnect/abandonment earlier on can result in a higher value as well, one that doesn't correlate to actual strength.
If you find members that have previously played at a much higher rating in the past, over a long period ,and now are a lot lower, you can report them.
https://support.chess.com/en/articles/8562517-how-do-i-report-someone
While something like a rating floor could be useful, it shouldn't be at their peak level and has to be designed around the way the rating system works.
I really think something needs to be done about the absolute epidemic of sandbagging on chess.com.
I have seen people trying to dismiss this in the past, the truth is, this isn't based on opinion, but on facts. I will share a list of my recent opponents ratings, showing current rating and highest rating. I will not share user names, this is purely to paint a very clear picture of the current situation.
All of these were from 5 minute blitz games played today:
720/924
707/731
759/995
639/860
565/1279
733/1179
724/1066
695/797
732/911
684/722
501/866
705/733
737/771
747/926
686/748
697/736
750/824
681/1007
760/969
730/905
Effectively half of these games were against sandbaggers. This is just showing their blitz ratings, it gets a lot worse if you check their other ratings. This shows that it isn't just the odd games, but almost every other game, hence it is out of control!
A simple answer, would be to hold players to their highest rating. This way, even if a player tried to crash their rating for an unfair advantage, they would only be matched up based on their highest achieved rating, not their current rating.By applying this to tournaments too, you could ensure that there would be nothing to gain from this form of cheating. It would then also make it much fairer for players to work on improving their own ELO without the fear of playing people who are basically just stealing ELO off of them.
To be honest, this is just a terrible combination of enabling bullying and cheating by not addressing it directly. This would then greatly reduce the workload of mods having to assess all of the sandbagging reports. I am reporting every game against sandbaggers regardless of if I win lose or draw. They need to be called out regardless...