All things being equal: Absolutely. Its 10k now but when you start factoring in increases after that it snowballs. Let's say they both do a % annual increase of 5% next year, its 5% of 110 instead of 99, then the next year it would be 5% of $115 then 121..28, etc.

But again that is all things being equal, if you know its a good place to work and the rest of the package works Id be jumping.

Although offer your existing employer a counter if you like them, that is well within range of negotiation.