and in the current market it may be the best offer Lisin gets.
I doubt it. There are plenty of teams that could use a lower priced winger to fill out their second line. He may not be anyone's first choice, but he is a fast guy and plenty of teams covet speed. It also would not be the first time the Coyotes lost a player to another team when the only point of contention was one versus two way.
My understanding is waivers can still be involved on a two-way contract based on the player's age when he first signed his NHLcontract, or the number of NHL games he's played in. Not sure what the current CBA says.
That's correct. Lisin was signed in 2006, so his signing age is 20, giving him 3 years of waiver exemptions (or 160 games).