My wife did some research on the sharks of the north pacific. She tells me that the most likely shark that grabbed our gear was a Salmon Shark.

They are similar in appearance to the Great White shark, but are smaller. The articles I read on them indicate that they feed on salmon, herring, squid and cod.

Since it ripped up the cop car lure I would assume it could have mistaken that as herring or another food fish. Whatever the case may be it was a crazy sight to see! It was a big shark that caused a ruckus on the gear.