Sorry if this seems like an ignorant question, but you're not using the power amplifier in the receiver to drive the speakers, right? I ask because of the way you phrased this: "...I believe this has to do with something between the output of the receiver to the speaker drivers." I'm just confused.
Assuming you're correctly using the Denon's pre-amp outs to send signal to the BL1's, it sounds like a Xover or amplifier/power supply type of issue.
Jon