What is the most logical next event?

How to unhook a fish
Reel the fish in until you can grab it with your hand.
Keep the fish in the water as long as possible-do not bring it onto land, where it can flop about wildly, until you are close enough to grab it. Land the fish quickly.
Don't let it fight and jump until it's exhausted. Increase the drag on your reel, and make sure that your fishing line is in good condition.