A fishing reel is disclosed including a spool for storing and dispensing line, and a winding mechanism for winding the line onto the spool about a winding axis, the spool is releasably secured in any one of a plurality of positions, each eccentrically offset from the winding axis to a different degree. A spool having an eccentrically positioned bore, a spindle positioned along an axis offset from the winding axis, the spindle being located within the bore of the spool, and a clutch releasably securing the spool in a desired position with respect to the spindle is also disclosed.