Ok.. ## \frac 1 2 mr^2ω^2 \ \ \ or\ equally \ \frac 1 2 mv^2 ## ie. it has so much KE whether we call it linear or rotational.
And ## angular momentum \ = Iω \ \ = mr^2ω \ =\ mvr ##
So now it flies off on its tangent with no restriction from the light frictionless string and rod. So neither the velocity, KE nor momentum change.
With no force / torque acting, linear and angular momentum are conserved, but one can look at it innocently and see:
I always need a picture, so
R (the distance from the axis) increases, causing changes in some angular elements.
I is increasing with R
2, ω is decreasing as the component of velocity perpendicular to the radius decreases and R increases.
The velocity, instead of being perpendicular to the line from the mass to the axis, is at an angle α to that line,
## R = \frac {r} { cos(α)} ##
perpendicular component of velocity ## v_P = v \cos (α) ##
radial component of velocity ## v_R = v \sin (α) ##
## ω = \frac {v_P} {R} = \frac {v \cos^2 (α)} {r } ##
## I = mR^2 = \frac {mr^2} {\cos^2 (α)} ##
## L =Iω = \frac {mr^2} {\cos^2 (α)} \frac {v \cos^2 (α) } {r } \ \ = m r v ##
So the angular momentum is still the same if we calculate it in the new position, as expected.
If we now change the spec, as jb suggests, and allow the string to exert some force on the mass, this is a torque about the axis and can change the angular momentum. If the rod is massive, its angular momentum is part of the sum, so it could gain while the mass could lose angular momentum, or vice versa.