I've never done it - but I read a magazine article a few years ago that recommended taking the line off of the reel, and stretching it out somewhere for long term storage - like over the winter.
Supposed to make it more user friendlly the following year.
Has anyone tried this?
Source: http://www.paflyfish.com/modules/newbb/viewtopic.php?topic_id=17290&forum=7
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