oil and smoke

i have a 99 speedster SK (2x720) and while winterizing it i noticed more black "thin" oil in one of the engines spark plug tubes "both of them" then normal. This is the same engine that has always smoked a white/gray when cold. The engine runs great and sounds great. Starts right up and...

I had my seadoo 3d 787 RFI out last weekend and it filled up with water, engine included. I pulled the plugs and blew out the water. I got it running again but now the oil is pumping in like crazy with white smoke coming out heavy from the exhaust. Am I in to replace the whole oil pump or could...