we have A LOT of old blogs that were not well written and honestly are not overly relevant.
Wow.... it is great to hear someone looking at their content and deciding that he can kick it up a notch. I have seen a lot of people would never, ever, pull the kill switch on an old blog post. In fact they are still out there hiring people to write stuff that is really crappy.
If this was my site I would first check to be sure that I don't have a penguin or unnatural links problem. If you think you are OK there, here is what I would do.
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I would look at those blog posts to see if any of them have any traffic, link or revenue value. Value is defined as... A) Traffic from any search engine or other quality source, B) valuable links, C) viewing by current website visitors, D) traffic who enter through those pages making any income through ads or purchases.
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If any of them pass the value test above then I would improve that page. I would put a nice amount of work into that page.
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Next I would look at each of those blog posts and see if any have content value. That means an idea that could be developed into valuable content... or valuable content that could be simply rewritten to a higher standard. Valuable content is defined as a topic that might pull traffic from search or be consumed by current site visitors.
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If any pass the valuable content test then I would improve them. I would make them kickass.
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After you have done the above, I would pull the plug on everything else.... or if I was feeling charitable I would offer them to a competitor.
Salutes to you for having the courage to clean some slates.