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Questions about feeder system

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So, I found out a friend of a friend is on the Reign (TJ Hensick), but I don't see him listed in cap friendly as a non-roster player.  

Does that mean that he's a salaried player for the Reign, but not eligible to be called up by the Kings, and so his salary doesn't count against their cap?

No dis meant for any players, I'm just trying to understand the mechanics of the feeder team, the cap, and how players can continue at 32 years of age in the AHL without (I guess) a chance to play in the NHL.

Thanks for any schooling.

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