why u want to do it with a cd player?
use the denon DN-HC4500
, it has the same format as a CD player, but you can link it to your timecode system without using any CD
and if u want to play normal CD's you can buy the denon BU-4500
together with it
Pro: no cd needed, denon quality, same lay out as a 19 inch cd player, upgradable to a full cd player
contra: not cheap, but you get quality