Mavericks: one of the most dangerous surfing waves in the world | Photo: Jacobovs/Creative Commons

World Surf League (WSL) has bought the annual Mavericks big wave surfing invitational.

The organizers of the Big Wave Tour (BWT) reached an agreement with the Titans of Mavericks and Cartel Management to run the event during the 2017/2018 season.

According to the documents filed in U.S. District Bankruptcy Court, WSL bought the multi-year rights to the Mavericks Invitational for $525,000.

The deal includes the Harbor District permit, which runs through the 2020/2021.

"The WSL is waiting final approval by the judge who is overseeing the reorganization filing made earlier this year and will provide more information as the situation progresses," underlines the WSL in an official statement.

Jeff Clark, the Mavericks pioneer who has always been connected with the spot and the event, says he's "stoked it's the WSL." 

The competition held off the coast of Half Moon Bay, in Northern California, kicked off in 1999, but only got the green light nine times since then.

The newly-designed Mavericks format will feature 24 male invitees and an additional six spots for female surfers.

"I support women being included in the event, and clearly the WSL has a proven track record of including women in the BWT. I hope that everyone on the [Harbor District] board is supportive of what's in the best interest of the athletes, the fans, and San Mateo County," added Sabrina Brennan, the Harbor District commissioner.

The Titans of Mavericks will continue to operate as a brand and has plans to produce lifestyle goods, services and media content.

Mavericks Surf Contest | The Champions

1998/1999: Darryl Virostko
1999/2000: Darryl Virostko
2003/2004: Darryl Virostko
2004/2005: Anthony Tashnick
2005/2006: Grant Baker
2007/2008: Greg Long
2009/2010: Chris Bertish
2012/2013: Peter Mel
2013/2014: Grant Baker
2015/2016: Nic Lamb