The Mavericks hold the SSN license made vacant by the Collingwood Magpies, who folded and withdrew from the league at the conclusion of the 2023 season.

[2] Following the demise of the Collingwood Magpies, speculation circled as to who would be awarded the eighth license for the 2024 Suncorp Super Netball season and beyond.

[3] On 21 July 2023, the league announced that the Sports Entertainment Group (SEG), led by chief executive Craig Hutchison, was awarded the license for a team to be based in south-east Melbourne.

As part of the licensing agreement, Netball Australia will operate the team for the rest of 2023 before transitioning to SEG for 2024 and beyond.

[6] The identity of the Mavericks was officially announced by netball operations general manager Shae Bolton-Brown on 20 September 2023, with the club's name, logo and primary colours—sky blue, 'pacific cyan' and sapphire—revealed after months of speculation.