Abstract: A delayed action fishing spool primarily for use with a fishing rig when trolling, including a fishing line release clip that holds the fishing line with only enough force to overcome the drag created by the lure being pulled through the water. Once a fish is hooked, the tension on the line increases, and the line is released. When the fishing line release clip lets go of the fishing line, a predetermined amount of line is immediately released from the spool, in the direction of the axis of the spool. The spool is supported by an adjustable mount that permits horizontal and vertical movement of the spool. In use, the fishing line is played out behind a boat to the desired trolling distance. A predetermined amount of fishing line is wrapped around the spool then, the line is set into place within the release clip. The predetermined amount of fishing line allows the fish to "run" with the bait, prior to tension being applied by the fishing tackle itself.