A fishing reel drag system may comprise a drag housing having a cavity and fixed rotationally relative to a shaft or a spool. A driven member adjacent the cavity is rotatable relative to the drag housing and with the other of the shaft or spool. A drag stack of washers in the cavity includes a plurality of friction washers keyed to the drag housing or the driven member and at least one metal washer keyed to the other of the drag housing or driven member. A cam and follower move the driven member to bias the drag stack for exhibiting friction. A spring biases the drag stack for producing a desired level of friction and an actuator actuates the cam and follower. The actuator may disengage the spool from the drag stack.