I think the BluRay audio requirement is going to add cost. If you need BR audio, I think you will want a HD receiver. (In most cases, a preamp and separate amps will cost more than a receiver.) However, if 5.1 will be sufficient, then I think you should be able to come in well under your budget. From what I've read about your speakers, you will need a solid amp section in your receiver.
There is a NAD T755 for sale on Audiogon right now for just less than $500. It has HDMI but isn't an HD receiver. It outputs 5 X 80 WPC in surround or 2 X 110 WPC in stereo. It also comes with the Audyssey set up feature which is rather handy. I'm not associated with the seller at all; I just own and use an identical receiver. I think it should meet your needs.
Also, I received an email from SVS this morning. Two of their sub models are on sale right now for $599 each, the SB12-NSD and the PB12-NSD. I think the price/performance combination on these subs is hard to beat.
There is a NAD T755 for sale on Audiogon right now for just less than $500. It has HDMI but isn't an HD receiver. It outputs 5 X 80 WPC in surround or 2 X 110 WPC in stereo. It also comes with the Audyssey set up feature which is rather handy. I'm not associated with the seller at all; I just own and use an identical receiver. I think it should meet your needs.
Also, I received an email from SVS this morning. Two of their sub models are on sale right now for $599 each, the SB12-NSD and the PB12-NSD. I think the price/performance combination on these subs is hard to beat.