v-drive repair/replace

hey all,

I have a 97 supersport. The v-drive has water in it and I'm not sure if it is leaking or just left over from when the boat was submerged. If it is cracked/leaking is there any way that is fairly cheap(under 2000) to fix it. I have been looking at new v-drives and they are around $5000. can a buy one for cheaper? Thanks for the help