Here is the most important take away from the above link.

"The programs probably did not make a significant inroad into current fishing capacity."

Unless you buy out all the licenses or proportionally decrease the allocations, you simply shift the harvest to the remaining license holders, thereby increasing the value of their licenses.

If the end result is that same number of fish are being taking by the commercials, from a rec perspective we're probably better off having 100 unprofitable license holders than 10 profitable license holders.

How excited would I be if the state decided to buy out all the rec licenses but mine and a couple of my buddies.