Rick,
Had a similar problem a few years back. I generally back off my drag knob after each outing so as not to compress the washers. This is fine as long as you remember to reset/tighten drag washers before next use - well I forgot. My first take casting live eels and I set hard enough to cross the basses eyes - about half my line came off my spool in the worst backlash I ever had with a spinning reel.
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