How bad is declining offers to stay at current firm due to lower than expected comp? Possible to reapply in 1-2 years? Offers are in hand.

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Not bad at all. May result in higher offers after you decline.

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FWIW, whenever I have declined an offer, the recruiter has always come back to me to offer some concessions on the negotiation points that I tried to advance with them. Every day that they leave the position unfilled is a day that they are losing money. You have more leverage than you think. They are often willing to concede things to you just to get the spot filled with a quality candidate.

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It would be bad to accept.

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