Abstract: A fishing reel is adapted to be shifted between casting and trolling modes and includes a housing, a spool which includes a line portion around which fishing line can be wound and which is adapted for rotation about an axis relative to the housing, and rotating means for rotating the spool. A first bearing means is provided for mounting the spool on the housing on one side of the line portion. There is a space between the entire spool surface and housing on the other side of the line portion at least wide enough to accommodate a strand of fishing line. The first bearing means includes means for accommodating movement of the spool between the normal axial position and a second position where the spool will engage the housing when pressure is exerted on the spool and return to said normal position when the pressure is relieved.