Question about Brees & Salary Cap

When we look at articles showing how much salary cap the Saints have, does that include dead money from Bree's last contract? And can we expect Brees to more or less re-sign for that same amount pushing the dead-money to future years? In other words, if we have $7.5 million available, we don't need to fit a new Brees contract in there do we?

Salary Cap info for all 32 teams: