RedactedNarrative: OPERATOR LEFT THE NO WAKE ZONE DURING A FISHING TOURNAMENT HEADED WEST WHEN HE DROVE ACROSS A MARKED SHALLOW WATER AREA STRIKING AN OBJECT ON THE STARBOARD SIDE STERN.  V1 SUSTAINED SEVERE DAMAGE DUE TO THE IMPACT AND BEGAN TAKING ON WATER.  OPERATOR WAS HOWEVER ABLE TO GET V1 BACK TO THE RAMP BEFORE IT SANK.  V1 ALSO SUSTAINED DAMAGE TO THE LOWER UNIT AND PROP.