diff --git a/salt/minion.py b/salt/minion.py
index 8c7180ff1067..c3690b39ca4a 100644
--- a/salt/minion.py
+++ b/salt/minion.py
@@ -1593,18 +1593,25 @@ def handle_event(self, package):
                 if self.opts['master_type'] == 'failover':
                     log.info('Trying to tune in to next master from master-list')
 
+                    if hasattr(self, 'pub_channel'):
+                        self.pub_channel.on_recv(None)
+                        if hasattr(self.pub_channel, 'close'):
+                            self.pub_channel.close()
+                        del self.pub_channel
+
                     # if eval_master finds a new master for us, self.connected
                     # will be True again on successful master authentication
-                    self.opts['master'] = self.eval_master(opts=self.opts,
-                                                           failed=True)
+                    master, self.pub_channel = yield self.eval_master(
+                                                        opts=self.opts,
+                                                        failed=True)
                     if self.connected:
+                        self.opts['master'] = master
+
                         # re-init the subsystems to work with the new master
                         log.info('Re-initialising subsystems for new '
                                  'master {0}'.format(self.opts['master']))
-                        del self.pub_channel
-                        self._connect_master_future = self.connect_master()
-                        self.block_until_connected()  # TODO: remove
                         self.functions, self.returners, self.function_errors = self._load_modules()
+                        self.pub_channel.on_recv(self._handle_payload)
                         self._fire_master_minion_start()
                         log.info('Minion is ready to receive requests!')
 
@@ -1813,6 +1820,8 @@ def destroy(self):
         self._running = False
         if hasattr(self, 'pub_channel'):
             self.pub_channel.on_recv(None)
+            if hasattr(self.pub_channel, 'close'):
+                self.pub_channel.close()
             del self.pub_channel
         if hasattr(self, 'periodic_callbacks'):
             for cb in six.itervalues(self.periodic_callbacks):
diff --git a/salt/transport/tcp.py b/salt/transport/tcp.py
index 8beec9d2b778..3ff1d4b7f2cb 100644
--- a/salt/transport/tcp.py
+++ b/salt/transport/tcp.py
@@ -426,6 +426,10 @@ def close(self):
                 # 'StreamClosedError' when the stream is closed.
                 self._read_until_future.exc_info()
         self._tcp_client.close()
+        # Clear callback references to allow the object that they belong to
+        # to be deleted.
+        self.connect_callback = None
+        self.disconnect_callback = None
 
     def __del__(self):
         self.close()
diff --git a/salt/utils/schedule.py b/salt/utils/schedule.py
index 13c6dc06517f..91fcb47af314 100644
--- a/salt/utils/schedule.py
+++ b/salt/utils/schedule.py
@@ -642,9 +642,11 @@ def handle_func(self, func, data):
                         except OSError:
                             log.info('Unable to remove file: {0}.'.format(fn_))
 
-        try:
-            salt.utils.daemonize_if(self.opts)
+        # Don't *BEFORE* to go into try to don't let it triple execute the finally section.
+        salt.utils.daemonize_if(self.opts)
 
+        # TODO: Make it readable! Splt to funcs, remove nested try-except-finally sections.
+        try:
             ret['pid'] = os.getpid()
 
             if 'jid_include' not in data or data['jid_include']: