Release devices for fishing rigs including a body, a mount, a compression assembly, and a friction member. The body includes a joint a base that extends from the joint, and a clamp vertically spaced from the base and extending from the joint. The mount pivotally mounts to the base at a second end of the body and cooperates with the clamp to pivot the mount between a retaining position and a release position. The compression assembly is configured to selectively adjust how much the clamp compresses the mount when the mount is in the retaining position. The friction member mounts between the clamp and the base about a vertical axis and is configured to selectively engage the fishing line retained the mount to restrict the fishing line from moving relative to the mount.
