There are a few ways to rig, but one of the more popular ways is to take a 2/0 or 3/0 hook through the lips and a 6/0 or 7/0 through the back.

Most folks will use a mooching (banana type) sinker; however, I like the ball type and a dropper in case I hang up (which is going to happen). Then some folks like a bottom walker type of rig...
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"If you are not scratchin bottom, you ain't fishing deep enough!" -DR

Puget Sound Anglers, Gig Harbor Chapter