A spring loaded line recoil device which automatically rewinds the line which secures the release clip on a telescoping outrigger when the telescoping outrigger pole is collapsed. Balanced spring assemblies automatically recoil the fishing line on outrigger release clip onto a spool. As one spring assembly increases pressure, the other spring assembly produces pressure to maintain uniform tension on the line holding release clip. The retraction device attaches to the base of an outrigger. When the telescoping outrigger pole is collapsed, the spring assemblies recoil the outrigger line onto a spool. When the telescoping outrigger pole is extended, the position of release clip arm on the outrigger can be moved without changing the overall tension on the line securing the release clip arm due to the counter balanced spring pressure.