Didn't make it really clear that I realized that after reading the blue "clarification" linked above. Specifically this.
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The adjustment to a team’s personal rating can vary based on the average personal rating of the other team while team ratings will always adjust based directly on the team rating of the other team.
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I guess I can look forward to my PR sinking further and further below my TR as I continue playing. Hopefully they'll have a better system before Season 4 and the influx of new PR requirements on gear. They've got a full arena reset on the start of Season 4 to fix anything they've messed up in the past, it'd be pretty awful to still have a broken system after that opportunity.