Wynyard is expected to compete at this year's event, as well as the McDonald brothers William, David and Nathan, who are part of the New Zealand chopping team.
Cherry Daly, Griffin's granddaughter, said even though the winner doesn't take home the original trophy, it will be a great event.
"Due to how valuable the trophy is, the winner will instead get $1000 prize money as well as a miniature replica of the trophy," she said.
"It will be a full field with 10 different heats that could have two to three heats each. This is a revived effort to get the tournament back to an annual event."
Mick Griffin was a champion axeman during the early part of last century. The gate takings from a challenge chop he was part of in 1910 was donated to the Whangarei Hospital for the establishment of the maternity annexe. Wood chopping was a popular spectator sport with more than 500 attending that chopping meeting.
Griffin held many championship titles for both standing and underhand chopping, and held the world record for 14-inch standing chop.
In his later years he became the official starter on the Northland Axeman's circuit.
Griffin's son, the late Kevin Griffin, followed in his father's footsteps and became an administrator in the north. The younger Griffin owned Axeman (the champion galloper) and the name was a tribute to his father's achievements.