He's glad he did. At 7:30 p.m., he boated a 50 1/2-inch monster from Lincoln County's Upper Mud River Lake.
"When you hold a muskie tournament, you always worry that no one's going to catch a fish," Smith said. "We had a fair number of fish caught, and some nice ones, too. I think next year, if there's any kind of a river bite, a lot more muskies will be caught."
More than 200 people attended the banquet at the Big Otter Volunteer Fire Department building. Smith said food sales, as well as sales of T-shirts and raffle tickets, boosted the event's profits far above expectations.
"Right now we're working with muskie clubs and the [Division of Natural Resources] to see how best to disburse the funds," he added. "We want to focus on things like muskie research, muskie stockings, purchasing minnows for hatcheries, repairing boat-launch sites and possibly even establishing new sites.
"We might get into some habitat-improvement work, too. We're open to ideas."
Smith said the Workman family is planning to set up a nonprofit organization with a board of directors that can oversee future tournaments and disburse the funds.
"I think the tournament's going to get bigger as we go along," he added. "If the response we've gotten so far is any indication, we'll have bigger prizes and a lot more stuff to be raffled off."
A website for the event, and for the charity work it supports, is also in the works. Smith believes it will come online sometime early this fall.
"It will have news about next year's tournament, pictures and results from this year's, and updates on how and where the money we raised is being spent," he said.