Nice! You got a Great deal! Looks like they just need everything polished up. As for the split in the wrap, its common for WMP on a drum that old. My 13 inch has a slight split, not as deep as yours but its there.
Mine were in pretty bad shape when I got them. Here they are now. They are set up to play, meaning the tom is mounted on a snare stand etc... However, I do have all the original hoop mounting hardware. I also have my blue sparkle Pioneer set up in these pics, but I have a matching 3x13 Be-Bop snare.
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