MM pre-amp on way out?

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Feb 24, 2010
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Early '90s MM, pre-amp suddenly started distorting badly. It's not the battery. The treble tone pot began behaving like it was dirty yesterday so I cleaned it with lubricant. Think that's a coincidence, though.

Any ideas? Sure it's pre-amp on way out.
 
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Battery is fine; still reading 9v as was replaced recently. Other cables/amps tried; same effect.

Doubt it's the jack. This is nasty overdriven distortion which then sags before returning to it's initial level.