My equipment gets fairly soaked during a game, so I built a display stand out of 2x4s, 5/8" wooden dowels, and glue. I keep it in my room next to my Soloflex. After a game I hang all the equipment on it; it dries within a day, and it doesn't smell bad at all.

You can download the measured drawing to make your own. If you want to print it, it will fit on one US Letter or one A4 Letter sheet of paper.