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With three years left on Isak's contract, Newcastle is under no immediate obligation to cash in unless a suitable offer arrives.
McCoist feels Isak is facing the fallout of his own decisions after isolating himself from the group.
If you sign a contract then you have to say, 'I'm here for three years, four years and that I'm going to honour that contract.
"You sign it because you're happy with it.
Alan Pardew managed Newcastle for four years, winning Premier League Manager of the Season in 2011/12.
He couldn't have handled it any worse.
"His agents and advisors have said to him to throw down the tools after serving that great football club, and he's doing really bad things to hold them to ransom and more or less force a way out."
Gabby Agbonlahor: "He should be punished"
Ex-Aston Villa striker Gabby Agbonlahor is another pundit who feels Isak must face consequences.
Three years later, Liverpool icon Jamie Carragher feels the forward has "outgrown" the Magpies.
While admitting he would like his former club to sign him, Carragher risked upsetting Newcastle fans by pointing to the gap in stature between the two sides.
Nevertheless, Shearer was clear that persuading a reluctant player to stay isn't in the club's interest.
"I think up until now it's been a disastrous window for Newcastle," he said on The Rest Is Football podcast
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