According to the search results, there are conflicting reports about Derek Watt. Some sources report that he is a free agent and the Steelers are not discussing a new contract with him, while others report that he has been re-signed by the Steelers. However, there is no information indicating that anything has happened to Derek Watt himself. One article mentions a Steelers rookie fullback retiring, which could potentially open up a spot for Watt on the team. However, there is no mention of Derek Watt retiring or any other significant event happening to him.