Thanks for the comments. (Islandbass - Yes, it has braided line on it.) But I did figure it out. Found a website on how to disassemble the reel, which I did. found that one of the hard discs in the drag stack had "bent ears". The ears are designed to sit in a notch in the frame, which they weren't. Flattened them out and it works fine. I suspect this happened because I've been told for years to back the drag off when storing my rods. Maybe I backed it off too far? Anyway, it works now and I've learned some new stuff. It's a good day.