Robert, this is how the Fisher lease program works in a nut shell. You pay them 1 thousand dollars to work the 1715 wrecks that they have salvage writes too along the East coast of Florida, Basically this includes all the wrecks (I think six of the eleven lost in 1715,

is the number that has been found to date), and in an aria about 300 feet out in each direction from the center of the ballast pile. Some of the recovery arias overlap one another, and stretch from Fort Pierce northward to Sebastian.
You become a sub-contractor for the Fisher operation. You are responsible for supplying your own salvage vessel, fuel and crew and get to work the wrecks for the season. In these parts, for the purpose of diving, the season is about 100 days on the average, and starts as early as April and runs until as late as September. During this time the ocean surface is flat and the visibility improves enough to let you see what you are doing.
Your boat finds, recovers, tags, documents and turns in everything that you recover, and the Fishers do the preservation work at the Museum in Sebastian. At the end of the dive season the State of Florida comes down and claims there 20% of everything that has been recovered during that season. After the Federal Judge rules that the State and the Fisher Organization are squared away. Each sub-contractor splits the remaining booty that you recovered, 50/50 with the Fishers. Then you, as the sub-contractor pay your crew a percentage to be determined by agreement between you and your crew.
All in all this operation appears to me to be a good deal for all involved. I have been looking into this for some time. The only reason that I?m not anchored over one of the wreck sites now is having to spend all that time in desert. Last December, upon returning from my reserve units last rotation to the desert I purchased a 33 foot vessel to outfit for salvage. There is much work to do in preparation, both in research and salvage vessel rigging. So, this season I?m sitting on the side lines splitting my time between family, work and getting my boat ready for the next season.