In a sense, yes, to some extent, but he did raise the lux tax budget line from $185M to $208M from 2020 to 2021, so he did add more than half of the "$40M" or so in beyond replacement spending.
Also, only DD was allowed to add and add and add beyond replacement spending year after year until that stopped before 2019.
Theo often saw his over spending go up and down, so he was not allowed to keep adding and adding beyond the replacement numbers. Theo's player salary budget went down in 2005 & 2006, up a ton in 2007, down in '08 & '09, up a ton in 2010, down again in '11, and under Ben up in '12, down in '13, about the same in '14 before jumping up a lot in '15 under DD. It went up again in 2016, stayed the same in '17 before jumping up a lot in 2018 and a little in 2019.