A tool tethering device that includes a lockable shaft having a cylindrical shaped body with a protruding member located proximal a first end and extending perpendicular from the cylindrical shaped body, a rigid sleeve housing having a cylindrical shaped cavity located within and extending from an open end to a closed end of the rigid sleeve housing, a protruding member engaging slot extending from and running parallel the cylindrical shaped cavity, a ball bearing engaging groove located within the cavity, a protruding member locking groove located within the sleeve housing proximal the closed end of the housing and extending perpendicular the cavity, and a displaceable platform located within the cylindrical shaped cavity between the protruding member locking groove and the closed end of the rigid sleeve housing, the displaceable platform supported by a spring located between the platform and the closed end of the rigid sleeve housing.