Originally Posted by Reds
But if saltwater goes to electrical connections, can't we have corrosion problems later?
Yes, you can. Usually from the wire corroding (smaller stuff than connectors, so goes quicker.) Luckily, outboards are designed with seawater in mind, and electrical systems are usually pretty well sealed.
Realistically, though, what are your options? Sell the motor, have all the wiring replaced, or live with it and hope you don't have problems. Personally, I'd go with #3.