What can be negotiated for a SA offer?

I was fortunate enough to land two S&T SA offers at comparable BBs.  I am wondering if I could use the competing offers as leverage for a better contract.  What can and cannot be negotiated for SA positions?  Can a guaranteed return offer be negotiated?

Edit: Just to be clear I am super grateful for both offers and am thrilled to even be considered.  However, if it is commonplace to negotiate SA offers I am not going to bypass an opportunity for a better contract.  Thank you for the help!

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Makes sense.  Would it be tacky to reach out to HR and ask about return offer rates?  Like I mentioned before the offers are identical and I'm probably just going to go with the one with a higher conversion rate.

 
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