I just got back from the shop to collect the paycheck.
I bought an entry level Crankset w/bottom bracket and a 9spd Deore Cassette, and I'm hoping the freewheel won't be a big problem. Tomorrow i'll probably just go ahead and replace the Rear Shifter w/ a Deore Shifter. Its all entry level from what i know, but i know so little about MTB. Anyway, It will get me back on a bike and get me through the race in 2 weeks. And after that i might try and sell it.
Also, finally i have a buyer for the Cannondale. I just hope there is no flaking involved.