Haha the famous shep. Thanks! What do you mean by metal cup? Is that visible in the pic? Do I need to remove that black rubber boot? If so does it need to be intact when I remove it? I read to use a lighter to heat it up to put it on.
Is this contained inside of a good mech seal?
Sorry for all the questions but I obviously want to do it right.
Unfortunately, you pulled everything apart before anyone suggested going for a long ride before pulling it apart. Often when an engine has sat for a long time the mechanical seal will leak lightly until you put 50-100 miles on the bike and then it will often re-seat itself and quit leaking.
To truly do it right you pull the engine, take off the rear cover and replace both the mechanical seal and the oil seal.
That said, I have to say your camshaft has a lot of rust on it and I would recommend pulling the rear cover to get all the rust off.
If you don't want to do that and instead do Shep's method, you pull out everything except the cup that holds all those part in the engine. Then you heat the cup on the new/good mechanical seal and pull those parts out as a unit and put that unit into the old cup with sealant behind the boot so it doesn't leak. Be sure to replace the copper washer and make sure the steel washer is in place behind the impeller. Look carefully ... the steel washer is either on the end of the camshaft or it is still inside the impeller.
Everything should be spotless upon reassembly.
Be sure to replace the odd shaped o-ring on the water pump housing. Be sure to torque everything properly.