I was just looking around the sports section of Fred Meyer in Eagle River a half hour ago, and they had a closeout on 3 Tidewater Downrigger Rods with T20L reels for $27.00 for the combo sets. The rod is a two piece 8'6" medium action, feels pretty good, and should be a good rig for your downrigging.

I would say hard to beat for the money!