For the 1/8" headphone plug I'd talk to Drew @ Moon Audio. He can replace the cable and the plug w a much better than stock set up for WAY under that $$.
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I had good luck with Drew as well, nice guy and he is fair. Shouldn't cost too much to pickup a good connector. I also do well with Parts Connexion out of Canada. Lots of DIY parts. I did a set of RCA's on a Rega turntable a few weeks back. A good soldering station and magnifying glass - I was done in 15 minutes.