Blu-Ray Hookup (Non-HDMI Receiver)

[filegumbo]

First, thanks for any responses--first post here.

I have a 46 inch Samsung LCD (1080p) and my receiver is an NAD T744 with no HDMI inputs. I am looking at finally getting a Blu-ray player, but am not ready to sink $1,000 into a new receiver. The home theater company who set up my system suggested that I could connect the player to the TV with the HDMI cable for high def video and then run either a coaxial audio or optical audio cable from the player to the receiver.

Any suggestions or thoughts?