Regarding reels, I just bought my first new reel in more than 20 years. I got a President 6925 and really like it. It is on a Cherrywood 6' light action rod so I'm in to it for well under your budget line of $100. The drag system of this reel way outshines my older reels which both have rear drag adjustments. I fully believe that it will land any bass or crappie I might hook in to. Playing the fish properly is where the rubber meets the road in my opinion. I don't seem to be as fussy about my equipment as many others here; basic and serviceable works for me just fine. If I had one complaint about the 6925 it would be that there is NO backing this reel up AT ALL with the anti-reverse in place. My older reels have a self centering gizmo so the line pickup is always in the right place and I'm very used to that system. This new Pflueger reel was worth every penny of the $60 it cost; I may just have to buy another to have on hand in case I want to change out another old one for next spring on a different rod!
Yes, I was talking to myself; sometimes even I have to ask for expert advice.