Welcome to the forum!
Do you leave the receiver unplugged due to the power draw in standby mode? In normal standby, that Denon is rated to draw 0.1 W. When you have it setup to pass an HDMI signal in standby mode, it's somewhere between that and 2.7 W (I'm not sure if the HDMI setting causes the highest power draw, which is 2.7 W). So, it might be worth leaving the Denon plugged in and using that standby pass through capability.
If you want to bypass the receiver completely (which I believe that you need to do if you unplug the Denon), then I think your best bet is to get an HDMI splitter or switch. You'd run an HDMI cable from the satellite receiver to the splitter, run one HDMI cable from the splitter to the Denon, and run the other HDMI cable from the splitter to your TV. You would have another HDMI cable running from the HDMI output on the Denon to a second HDMI input on the TV. When you don't want to use the receiver, you pick the input on your TV that is connected to the splitter. When you want to use the Denon, you use the HDMI input on the TV that is connected to the Denon.
Did that make sense?