the team can actually veto things
No, they can't. They can say they won't build or change something as the DAO wants to, but they won't do that often. They can't veto how SPS or other DAO funds will be used.
I don't think they want to get into adverse positions with the DAO. Quite the opposite. They want the DAO to help fund development. And the DAO will do it, as long as what it gets in return is good enough.