reelmech,
I sure wish I would have read your post before I took the reel apart. After taking it apart, looking at it, and thinking about it I did figure out that the noise would have to be coming from the spool. I went ahead and cleaned the reel and put a little bit of oil on it. The problem I had was getting the thing back together, took me awhile to figure it out but eventualy got it. It did seem to fix the noise for now but who knows if it will last. Also i am looking for another baitcaster under a 100 bucks, any reccomendations? thanks again for your help.