The top-ranked Homer Winter King Salmon Tournament winner, Gail Bilyeu, (center) displays his 26.12-pound catch, which was surrounded by a boat crew. The total amount of his winnings, including tournaments on the side, were in excess of $62,000. (Corinne Smith/KBBI)

An audience of spectators watched from shore on Saturday as boats sped through Homer Harbor. Homer Harbor to weigh in their catch.

Some shouted, “Show us your catch!” and anglers laughed and obliged, offering their catch for the crowd to admire.

The Homer’s Winter King Salmon Tournament has had record-breaking participation during the last few years. This year the event was delayed for a week due to the winter weather but still saw 818 people along with 273 boat boats across the country for one day of fishing for king salmon at Kachemak Bay, and a chance to win nearly $200,000 in prize money.

The 10 kings with the biggest crowns are displayed with hooks to an enormous crowd, with silver skin shining in the sun. who was declared the winner as 26.12 pounds.

“Total prize money of the first place prize of $62,036.75 will go to Gail Bilyeu!” said an announcer. “Congratulations on being your winner!”

The top ten kings were displayed at the ceremony. (Corinne Smith/KBBI)

The other winner of the day was City of Homer, which was given a desperately required boost in its economic growth at a moment when Cook Inlet King salmon run numbers are in decline.

Brad Anderson is executive director of the Homer Chamber of Commerce, which hosts the annual golf tournament. He says that the economic impact to the town is immense.

“Typically this is a low-key time of the year. This event typically is a huge draw for our hotels within our city which is why it’s an excellent chance to get a deal,” Anderson said. “The last time we conducted our survey, I’m guessing around 60% of people who came out of the area were staying in hotelsin hotels. They were not local. It’s thrilling to witness the effects.”

In the past, the winner was awarded over $82,000 in total tournament prize winnings. With more than 1,000 anglers in the tournament and cash prizes, it was more than $200,000. With more participants and tournaments on the side that increase the prize pool. In the year that was played, total prizes for tournaments were estimated at more than $132,000 together with prizes for merchandise that exceeded $32,000.

Boats are entering Homer harbor. Homer harbor. (Corinne Smith/KBBI)

Gunnar Knapp was a former University of Alaska Anchorage economist who has been studying Alaska salmon fishing for a long time. While it’s hard to measure, Knapp claimed that sport fishing has multiple effects on local economies.

“In general, sport fishing which include things like a major fishing event, can will have a significant economic impact in terms of income and spending and the jobs that are created within the community or regional areas,” Knapp said.

Knapp highlights the need for fishing guides accommodation, dining establishments, and local shops as ways to boost local tourism and local businesses. He also said that sport fishing could draw people to retire or live in fishing communities in and around the Kenai Peninsula.

“It’s not just amount of money generated by many different industries where people take part in sport fishing and invest on their own,” Knapp said. “It’s equally true that for the majority of Alaskans fishing for sport is an integral element of their lives. It’s an integral aspect of what they do.”

2nd-place prize winners are cousins Alivia Erickson (left) and 8-year-old Elyanna Tutt from Homer who hooked the 23.26-pound King and took home more than $22,000. (Corinne Smith/KBBI)

Knapp stated that it doesn’t only make a contribution to local tax revenue. It is a common practice for people to move or retire, and they enhance their quality of life that is based on a particular resource, such as salmon fishing.

“If you’re enjoying a great level of living due to having enjoyed doing things you enjoy such as fishing in sport, that aids in tackling one of the biggest economic challenges we face in Alaska and across the nation that is the labor shortage,” Knapp said. “It’s difficult to locate cops, difficult to locate teachers, it’s tough to find restaurant employees etc. So sport fishing is an aspect of what’s generally describe as the quality of your life. The quality of life is important if you want to find people who be part of an area and find jobs in the community.”

Although derby participants had a good time in Kachemak Bay, other Kenai King salmon runs aren’t performing well. This year the Cook Inlet king salmon fishery is under close scrutiny in the wake of declining numbers and low forecasts for harvests have prompted the state’s fisheries management to shut down the king sport fishermen’s club located on Kenai Peninsula. Kenai Peninsula earlier this month.

Matt Miller is a Cook Inlet sports fisheries manager at the Alaska Department of Fish and Game. He says that king salmon stocks across the state are performing poorly, and Cook Inlet is not an exception.

“We’ve been imposing restrictions during season and in the preseason for the most of the last few years dating back 10 years in some system,” Miller said. “And there’s no simple decision regarding the closure of these fisheries. However, we do take the responsibility of managing these resources seriously.”

“Show us the fish you have caught!” (Corinne Smith/KBBI)

However, Miller stated that his Ocean Cook Inlet king salmon -the fish that were caught during the tournament part of an unicellular stock. So, King salmon reproduce throughout the coast of Alaska as well as British Columbia, not necessarily to the Kenai Peninsula rivers, though certain do.

“Some of them are mature adult fish that are heading to Cook Inlet streams. There are also younger fish that are growingand will eventually back to other streams outside the boundaries of Cook Inlet,” he explained.

Miller stated that it’s a great indication that anglers performed well in the Saturday’s event, weighing more than one hundred kings on just one day. However, it’s not necessarily a reflection of the sustainability or health of the local population of king salmon.

Knapp — an economist who analyzed the closure of King salmon sport fisheries are likely to result in economic losses for in the Kenai Peninsula this summer -however it’s hard to quantify. He noted that the most recent study on the state-wide impact of Alaska sport fisheries was conducted in 2007. In light of the uncertainty surrounding the future of the fisheries industry He said that the region could benefit from an update regarding the local economic impact.