Keeping your Speedplay pedals well lubed will result in them lasting for many happy miles of pedaling enjoyment. However, eventually the internal moving parts will wear. An alternate to buying a new pair of pedals is to rebuild your current set.
A Speedplay rebuild kit can be purchased from several online retailers or you can have your local bike shop special order it (if they don’t carry it). The kit replaces everything except the “bowties” and the spindle. The kit will cost you about $70, much cheaper than a new pair of pedals.
You will need the following tools…
T20 and T15 torx key, phillips head screwdriver, adjustable or 15mm open end wrench
Using the 15mm or adjustable wrench remove the pedal (remember, the left pedal is reverse threaded)
Using the T15 remove the 2 bowtie screws and the bowties…set aside for reuse
Remove the dust cap by backing out the grease port screw enough to grip with pliers and pulling off.
Then use the T20 to remove the spindle end screw.
Next pull the spindle out of the body.
Clean the spindle.
Slide new “o” ring onto spindle.
Grease the new bodies spindle bearings using a high quality waterproof grease and then slide the new body onto the spindle.
Tighten new T20 spindle screw to 32in lbs.
Place bowties in place, apply blue loctite to T15 screws and then tighten them to 40in lbs.
Align and tap in new dust cap.
Grease threads and reattach pedals to crank arms.
Repeat for other side.
This job took about 45 minutes to complete.
Pedals are now as smooth as they were out of the box new.