A fishing reel including a spool shaft extending through a reel frame with a handle crank attached thereto with a non-rotating spool collar and spool positioned about the spool shaft, and a rod mount connected to the reel frame pivotable 90 degrees from a first position with respect to the reel frame to a second position. When the rod mount is in the first position, and the handle crank is rotated, the spool oscillates in and out with respect to the reel frame and the spool rotates about the spool collar in a manner such that fishing line positioned on the line guide is spooled onto the spool when being reeled in, and when the rod mount is in the second position, the spool is generally parallel to the rod mount to allow line to be cast out from the spool.