Additional features, settings, or issues not covered by specific Microsoft Teams Free categories
The issue is that Office 16.88 and Teams have separate macOS requirements.
Office 16.88 was the last Microsoft 365/Office release that supports macOS Monterey 12. However, installing the “Office with Teams” 16.88 package does not give you a usable older Teams client because Teams enforces its own support/update requirements.
Teams itself now requires one of the three most recent macOS versions, so Monterey is no longer supported.