I see. I didn't realize they were party speakers. You said the surrounds were destroyed. All is good!
There are a couple of sites online and a few on ebay that will send you a kit to refit your surrounds. it will cost you about $30 or so for both total.
it's pretty easy to do. I did a set about a year ago and it was real simple, and turned out excellent.
I doubt the drivers are damaged. The surrounds rot out on the cheaper speakers after a few years...especially if they use rubber...and of course damper conditions over the years will excellerate the process. The speakers should still play with the rotted surrounds...just not at higher volumes.
I bought a pair of nice old Mirage speakers at the salvation army recently for $2 because the surrounds were rotted. A nice easy project....and a nice set of speakers to go into one of the kids rooms.
here is where I bought mine from:
http://www.newfoam.com/kits.asp
here's a guy that will do it for you:
http://desmoines.craigslist.org/ele/955032753.html
This will give you an idea of how it's done:
http://www.partsexpress.com/Tech/260-915.html
Cheers,
BT