RAID died while swapping out a failed drive?

I recently had a drive fail in a Dell PowerEdge 2850 server in a RAID5 array. I finally got the replacement drive today and powered it down, took out the old drive and put in the new one(it was never setup for hot swappable drives). When I booted it back up I hit Ctrl + M to get into the RAID Manager, went to Rebuild, and was met with a second failed drive so now I can't rebuild anything. I've checked and double checked every connection, tried putting the old failed drive back in and I'm not having any luck. Is it possible that the second drive that failed was just holding on for dear life and then powering down killed it or is there something in the configuration that I'm missing? I've never had to replace a failed drive in a RAID before so any insight would be great.
 
Are you certain it is not a typical SATA error. Go to the webside of the drive builder and get their instructions for a clean SATA format...
You may have to start over to get things working properly ...
 
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